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Figure 3-5 -Refer to Figure 3-5.In a Free Market Such as That

Question 63

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Figure 3-5 Figure 3-5   -Refer to Figure 3-5.In a free market such as that depicted above,a shortage is eliminated by A) a price increase,increasing the supply and decreasing the demand. B) a price decrease,decreasing the supply and increasing the demand. C) a price decrease,decreasing the quantity supplied and increasing the quantity demanded. D) a price increase,increasing the quantity supplied and decreasing the quantity demanded.
-Refer to Figure 3-5.In a free market such as that depicted above,a shortage is eliminated by


A) a price increase,increasing the supply and decreasing the demand.
B) a price decrease,decreasing the supply and increasing the demand.
C) a price decrease,decreasing the quantity supplied and increasing the quantity demanded.
D) a price increase,increasing the quantity supplied and decreasing the quantity demanded.

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