Question 5

Which of the following changes in equilibrium price and quantity is as a result of an upward shift in the market demand for a commodity?

  • A.Both the price and quantity rise
  • B.The price falls and the quantity rises
  • C.The price rises and the quantity falls
  • D.Both the price and the quantity fell
Objective

Question details

Exam body
FUTA
Subject
Economics
Year
2009/2010
Question no.
#5
Type
Objective

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