Multiple Choice
Assume the demand for flash drives increases,while the supply decreases.Which of the following outcomes is certain to occur?
A) The equilibrium price of flash drives will rise.
B) The equilibrium quantity of flash drives will rise.
C) The equilibrium price of flash drives will fall.
D) The equilibrium quantity of flash drives will fall.
E) Neither the equilibrium price nor the equilibrium quantity of flash drives can be predicted.
Correct Answer:
Verified
Correct Answer:
Verified
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