If the Market for Tires Is Unregulated and Is Presently

question 109

Multiple Choice

If the market for tires is unregulated and is presently characterized by excess supply, you can accurately predict that price will

• A) increase, the quantity demanded will fall, and the quantity supplied will rise.
• B) increase, the quantity demanded will rise, and the quantity supplied will fall.
• C) decrease, the quantity demanded will rise, and the quantity supplied will fall.
• D) decrease, the quantity demanded will fall, and the quantity supplied will rise.

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