If the Price of Apples Rises and the Quantity of Apples

question 177

Multiple Choice

If the price of apples rises and the quantity of apples exchanged decreases,then we know that there cannot have been a:

• A) decrease in supply with no change in demand
• B) large decrease in supply and a small decrease in demand
• C) large decrease in supply and a small increase in demand
• D) large increase in demand and a small increase in supply

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