Question 9

```Use the table below to answer the question 8 and 9```
$\table Price(N),Quantity Supplied,Quantity Demanded;10,50,450;20,150,350;30,250,250;40,350,150;50,450,50$
Above the equilibrium point, a further rise in price tends to

  • A.Increase demand and restrict supply
  • B.Restrict demand and Restrict supply
  • C.Increase demand and increase supply
  • D.Decrease demand and increase supply
Objective

Question details

Exam body
RSUT
Subject
Economics
Year
2015/2016
Question no.
#9
Type
Objective

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