Suppose That the Equilibrium Price of Pickles Falls While the Equilibrium

question 21

Multiple Choice

Suppose that the equilibrium price of pickles falls while the equilibrium quantity rises. The most consistent explanation for these observations is:

• A)a decrease in demand for pickles with no change in supply.
• B)an increase in demand for pickles with no change in supply.
• C)a decrease in the supply of pickles and a decrease in the demand for pickles.
• D)an increase in the supply of pickles with no change in demand.

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