When a Shortage Exists in a Market, Sellers

Multiple Choice

When a shortage exists in a market, sellers

A) ​raise price, which increases quantity demanded and decreases quantity supplied until the shortage is eliminated.
B) can raise price without worrying about the loss of sales, which increases quantity supplied and decreases quantity demanded until the shortage is eliminated.
C) ​lower price, which increases quantity demanded and decreases quantity supplied until the shortage is eliminated.
D) ​lower price, which decreases quantity demanded and increases quantity supplied until the shortage is eliminated.