If the Market Price of a Good Rose, While the Quantity

question 31

Multiple Choice

If the market price of a good rose, while the quantity exchanged fell, which of the following could have caused the change?

• A)An increase in supply
• B)A decrease in supply
• C)An increase in demand
• D)A decrease in demand
• E)An increase in the price of a substitute

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Definitions:

Population Mean

The average value of all elements in an entire population, representing a summary measure of the central tendency of the population.

Democrats

A member or supporter of the Democratic Party, one of the two major political parties in the United States.