Which of the Following Statements Is CORRECT

question 114

Multiple Choice

Which of the following statements is CORRECT?

• A) When both demand and supply increase, the quantity decreases and the price might rise, fall, or remain the same.
• B) When both demand and supply increase, the price rises and the quantity might increase, decrease, or remain the same.
• C) When both demand and supply decrease, the quantity increases and the price might rise, fall, or remain the same.
• D) When both demand and supply decrease, the quantity decreases and the price might rise, fall, or remain the same.