If Demand Increases and Supply Decreases in a Market That

question 141

Multiple Choice

If demand increases and supply decreases in a market that is in equilibrium, the equilibrium quantity will _____

• A) increase while the equilibrium price will remain unchanged.
• B) remain unchanged while the equilibrium price will decrease.
• C) increase only if the decrease in supply is more than the increase in demand.
• D) increase only if the decrease in supply is less than the increase in demand.
• E) increase only if the decrease in supply is more than the decrease in demand.

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Definitions:

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