Using the Supply-Demand Graph, What Happens as the Price of Goods

question 12

Multiple Choice

Using the supply-demand graph, what happens as the price of goods or services increases?

• A) The quantity of the goods or services decreases
• B) The quantity of the goods or services increases
• C) Demand increases and supply falls
• D) Demand falls and supply increases
• E) Market equilibrium is finally reached and the demand increases