Suppose That Supply Increases and Demand Decreases

question 243

Multiple Choice

Suppose that supply increases and demand decreases. What is the most likely effect on price and quantity?

• A)The price will increase, but quantity may increase, decrease, or stay the same.
• B)The price will decrease, but quantity may increase, decrease, or stay the same.
• C)The price will decrease and quantity will decrease.
• D)The price will increase and quantity will increase.

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Definitions:

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