Multiple Choice
A decrease in the number of consumers in a market causes market demand to:
A) decrease, resulting in a surplus which will be eliminated as price rises.
B) decrease, resulting in a surplus which will be eliminated as price falls.
C) increase, resulting in a shortage which will be eliminated as price rises.
D) increase, resulting in a shortage which will be eliminated as price falls.
Correct Answer:
Verified
Correct Answer:
Verified
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