Which of the Following Statements Is True of a Market

question 219

Multiple Choice

Which of the following statements is true of a market?

• A) An increase in demand, with no change in supply, will increase the equilibrium price and quantity.
• B) An increase in supply, with no change in demand, will decrease the equilibrium price and the equilibrium quantity.
• C) A decrease in supply, with no change in demand, will decrease the equilibrium price and increase the equilibrium quantity.
• D) All of the above.

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