Assuming Competitive Markets with Typical Supply and Demand Curves,which of the Following

question 43

Multiple Choice

Assuming competitive markets with typical supply and demand curves,which of the following statements is correct?

• A)An increase in supply with a decrease in demand will result in an increase in price.
• B)An increase in supply with no change in demand will result in an increase in price.
• C)An increase in supply with no change in demand will result in a decline in the quantity exchanged in the market.
• D)An increase in demand with no change in supply will result in a decrease in the quantity exchanged in the market.
• E)An increase in demand with no change in supply will result in an increase in the quantity exchanged in the market.