Multiple Choice
Which of the following statements is true?
A) An increase in the price of petrol will increase the quantity demanded of petrol.
B) An increase in the price of petrol will decrease the demand for petrol.
C) An increase in the price of petrol will increase the supply of petrol.
D) An increase in the price of petrol will increase the quantity supplied of petrol.
Correct Answer:
Verified
Correct Answer:
Verified
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