Assume the Demand for Sugar Decreases While the Supply of Sugar

question 89

Multiple Choice

Assume the demand for sugar decreases while the supply of sugar increases. Which of the following outcomes is certain to occur?

• A)The equilibrium price of sugar will rise.
• B)The equilibrium quantity of sugar will rise.
• C)The equilibrium price of sugar will fall.
• D)The equilibrium quantity of sugar will fall.

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Definitions:

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Agoraphobia

An anxiety disorder characterized by an intense fear of being in situations where escape might be difficult or help might not be available.

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