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Suppose We Observe a Rise in the Price of Good

Question 151

Multiple Choice

Suppose we observe a rise in the price of good A and an increase in the quantity of good A bought and sold.Whi one of the following is a likely explanation?


A) The supply of A increased.
B) The demand for A decreased.
C) The law of demand is violated.
D) The supply of A decreased.
E) The demand for A increased.

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