Multiple Choice
Suppose that both the equilibrium price and quantity of golf clubs rise.Which of the following explanations would best explain this outcome?
A) A decrease in demand for golf clubs with no change in supply.
B) An increase in supply of golf clubs with no change in demand.
C) A decrease in demand for golf clubs and a decrease in the supply of mustard.
D) An increase in demand for golf clubs with no change in supply.
Correct Answer:
Verified
Correct Answer:
Verified
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