Multiple Choice
Which of the following statements is correct?
A) When both demand and supply decrease, the quantity decreases and the price might rise, fall or remain the same.
B) When both demand and supply decrease, the quantity increases and the price might rise, fall or remain the same.
C) When both demand and supply increase, the price rises and the quantity might increase, decrease or remain the same.
D) When both demand and supply increase, the quantity decreases and the price might rise, fall or remain the same.
Correct Answer:

Verified
Correct Answer:
Verified
Q75: The "law of demand" refers to the
Q76: The interaction of supply and demand explains<br>A)the
Q77: When the demand curve shifts rightward and
Q78: An increase in the number of suppliers
Q79: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4951/.jpg" alt=" -The figure illustrates
Q81: A decrease in the expected future price
Q82: Which of the following always raises the
Q83: The opportunity cost of a good is
Q84: When the price of a normal good
Q85: Coffee and sugar are complements. If the