If Demand Increases and Supply Decreases, What Is the Effect

Multiple Choice

If demand increases and supply decreases, what is the effect on equilibrium price and equilibrium quantity?

A) The price falls and the quantity might increase, decrease, or remain the same.
B) The price rises and the quantity might increase, decrease or remain the same.
C) The quantity decreases and the price might rise, fall, or remain the same.
D) The quantity increases and the price might rise, fall, or remain the same.