Other Things Being Equal, a Higher Price Induces

question 175

Multiple Choice

Other things being equal, a higher price induces

• A) buyers to reduce the amount they want to buy and sellers to increase the amount they are willing to sell.
• B) buyers to increase the amount they want to buy and sellers to reduce the amount they are willing to sell.
• C) buyers to reduce the amount they want to buy and sellers to reduce the amount they are willing to sell.
• D) buyers to increase the amount they want to buy and sellers to increase the amount they are willing to sell.