Suppose That the Equilibrium Price of T-Shirts Increases and the Equilibrium

question 139

Multiple Choice

Suppose that the equilibrium price of T-shirts increases and the equilibrium quantity of T-shirts decreases. This is best explained by a(n) :

• A) increase in the demand for T-shirts.
• B) decrease in the supply of T-shirts.
• C) increase in the supply of T-shirts.
• D) decrease in the demand for T-shirts.

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