An Increase in Demand Accompanied by a Simultaneous Decrease in Supply

Multiple Choice

An increase in demand accompanied by a simultaneous decrease in supply will have what effect on equilibrium?

A) Price will either rise or fall; quantity will fall.
B) Price will rise; quantity will fall.
C) Price will rise; quantity will either rise or fall.
D) Price will either rise or fall; quantity will rise.
E) Price will fall; quantity will either rise or fall.