If Demand Increases and Supply Decreases in a Market That

question 78

Multiple Choice

If demand increases and supply decreases in a market that is in equilibrium,quantity will:

• A)increase while price will remain unchanged.
• B)remain unchanged while price will decrease.
• C)increase only if decrease in supply is more than increase in demand.
• D)increase only if decrease in supply is less than increase in demand.
• E)increase only if decrease in supply is more than decrease in demand.

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Definitions:

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A physiological theory that explains how animals and humans respond to threat or danger with a primary physiological reaction to either fight or flee.

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A close, familiar, and usually affectionate or loving personal relationship with another person or group.