Which of the Following Statements Describes How a Price-Change in a Purely

Multiple Choice

Which of the following statements describes how a price-change in a purely competitive market would eliminate the surplus of an agricultural commodity?

A) As the price increases, the quantity demanded increases while the quantity supplied decreases.
B) As the price increases, the quantity demanded decreases while the quantity supplied increases.
C) As the price decreases, the quantity demanded increases while the quantity supplied decreases.
D) As the price decreases, the quantity demanded decreases while the quantity supplied increases.