Multiple Choice
Suppose that supply for some good increases and that simultaneously the demand for the same good decreases.The result would be
A) a decrease in P and an indeterminate change in Q.
B) a decrease in Q and an indeterminate change in P.
C) an increase in Q and a decrease in P.
D) an increase in Q and an increase in P.
E) no change in either P or Q.
Correct Answer:
Verified
Correct Answer:
Verified
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