Multiple Choice
What happens if the demand for oranges increases, but the supply of oranges decreases?
A) The price and quantity will both increase
B) The price and quantity will both decrease
C) The price will increase, but the quantity will decrease
D) The price will increase, but it cannot be determined what will happen to the quantity
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Which of the following statements would show
Q2: Which of the following refers to the
Q3: The luxury clothing market is known to
Q4: Why does the PPC slope downward?<br>A)Increasing opportunity
Q5: What is the type of good for
Q7: What are goods that are used together
Q8: What term refers to the contribution that
Q9: Fae is a nutritionist who typically
Q10: Which of the following economic questions must
Q11: The loanable funds _ brings savers and