Suppose You Observe That the Price of a Good Increases

question 205

Multiple Choice

Suppose you observe that the price of a good increases and that the quantity of this good sold also increases. If only the demand curve or the supply curve shifts this suggests that

• A) supply increased over time while demand remained the same.
• B) supply decreased over time while demand remained the same.
• C) demand increased over time while supply remained the same.
• D) demand decreased over time while supply remained the same.

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