Multiple Choice
Which of the following statements is correct?
A) When both demand and supply increase, the quantity decreases and the price might rise, fall, or remain the same.
B) When both demand and supply increase, the price rises and the quantity might increase, decrease, or remain the same.
C) When both demand and supply decrease, the quantity increases and the price might rise, fall, or remain the same.
D) When both demand and supply decrease, the quantity decreases and the price might rise, fall, or remain the same.
Correct Answer:
Verified
Correct Answer:
Verified
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