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  3. Study Set
    Economic Analysis
  4. Exam
    Exam 6: The Market System: Functions, Structure, and Institutions
  5. Question
    A Sudden Massive Reduction in the Availability of Chocolate Will
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A Sudden Massive Reduction in the Availability of Chocolate Will

Question 3

Question 3

Multiple Choice

A sudden massive reduction in the availability of chocolate will likely cause the price of chocolate to ________, which will ________ the quantity of chocolate demanded by consumers.


A) increase; increase
B) increase; decrease
C) decrease; increase
D) decrease; decrease

Correct Answer:

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