Assume Q_s Represents the Quantity Supplied at a Given Price

question 107

Multiple Choice

Assume Q_s represents the quantity supplied at a given price and Q_d represents quantity demanded at the same given price. Which of the following market conditions produces an upward movement of the price?

• A) Q_s = 1,000, Q_d = 750.
• B) Q_s = 750, Q_d = 750.
• C) Q_s = 750, Q_d = 1,000.
• D) Q_s = 1,000, Q_d = 1,000.

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