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 the 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
UNICAL
Subject
Economics
Year
2017/2018
Question no.
#4
Type
Objective

More from this paper

See all Economics 2017/2018 questions