Suppose Both the Demand for and Supply of Salsa Increase

question 156

Multiple Choice

Suppose both the demand for and supply of salsa increase (although not necessarily by the same amount) .What can we conclude about changes in the price and quantity of salsa?

• A)Both the price and quantity increase.
• B)The price increases but the change in the quantity cannot be determined.
• C)The quantity increases but the change in the price cannot be determined.
• D)Both the price and quantity decrease.

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Definitions:

American Consumers

Individuals or groups in the United States who purchase goods and services for personal use, influencing market trends and economic activity.

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