Figure 4-4 -An Increase in Demand Will Have What Effect on Equilibrium

question 274

Multiple Choice

Figure 4-4
-An increase in demand will have what effect on equilibrium price and quantity?

• A)Price will increase; quantity will decrease.
• B)Price will decrease; quantity will increase.
• C)Both price and quantity will increase.
• D)Both price and quantity will decrease.

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