Consider a Negatively Sloped Demand Curve for Natural Gas

question 141

Multiple Choice

Consider a negatively sloped demand curve for natural gas.If the supply of natural gas increases,the new equilibrium will have

• A)a lower price and a greater quantity.
• B)a lower price and a smaller quantity.
• C)a higher price and a smaller quantity.
• D)a higher price and a larger quantity.
• E)the same price and larger quantity.