Question 4

Which of the following statements is true of the effect of changes in demand and supply on price?

  • A.A decrease in supply will lead to the fall in price and a fall in th quantity bought and sold
  • B.An increase in demand will lead to a fall in price and in the quantity bought and sold
  • C.A decrease in demand will lead to a rise in price and in the quantity bought and sold
  • D.An increase in supply will lead to a fall in price and a rise in the quantity bought and sold
Objective

Question details

Exam body
UNN
Subject
Economics
Year
2010/2011 DAY 1
Question no.
#4
Type
Objective

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