Assuming Competitive Markets with Typical Supply and Demand Curves, Which

question 75

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 sales.
• D) An increase in demand with no change in supply will result in an increase in sales.

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