Suppose the Equilibrium Price and Quantity of Ketchup Fall

question 7

Multiple Choice

Suppose the equilibrium price and quantity of ketchup fall. The most likely explanation for these changes is:

• A)a decrease in the demand for ketchup.
• B)an increase in the demand for ketchup.
• C)a decrease in the supply of ketchup.
• D)an increase in the supply of ketchup.

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