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    Business
  3. Study Set
    Managerial Economics and Business Strategy Study Set 2
  4. Exam
    Exam 2: Market Forces: Demand and Supply
  5. Question
    Suppose Supply Decreases and Demand Increases
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Suppose Supply Decreases and Demand Increases

Question 24

Question 24

Multiple Choice

Suppose supply decreases and demand increases. What effect will this have on the quantity?


A) It will fall.
B) It will rise.
C) It may rise or fall.
D) It will remain the same.

Correct Answer:

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