Multiple Choice
Which of the following statements is correct? (Assume demand is interacting with an upward sloping supply curve that does not shift.)
A) If demand increases, then price will decrease.
B) If demand decreases, then price will decrease.
C) If price increases, then demand will decrease.
D) If price decreases, then demand will decrease.
Correct Answer:

Verified
Correct Answer:
Verified
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