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If the Demand for Jelly Increases, and the Price of Grapes

Question 45

Multiple Choice

If the demand for jelly increases, and the price of grapes (used to make jelly) rises


A) the equilibrium price of jelly rises and the equilibrium quantity of jelly might rise or fall.
B) the equilibrium price of jelly falls and the equilibrium quantity of jelly might rise or fall.
C) the equilibrium price of jelly falls and the equilibrium quantity of jelly rises.
D) the equilibrium quantity of jelly falls and the equilibrium price of jelly might rise or fall.

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