Multiple Choice
If demand increases and supply decreases in a market that is in equilibrium,quantity will:
A) increase while price will remain unchanged.
B) remain unchanged while price will decrease.
C) increase only if decrease in supply is more than increase in demand.
D) increase only if decrease in supply is less than increase in demand.
E) increase only if decrease in supply is more than decrease in demand.
Correct Answer:

Verified
Correct Answer:
Verified
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