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Figure 4.3 -Figure 4.3 Illustrates the Supply and Demand for Blue Jeans

Question 30

Multiple Choice

  Figure 4.3 -Figure 4.3 illustrates the supply and demand for blue jeans. If the actual price of blue jeans is $30, we would expect the price of blue jeans to _______, the quantity demanded of blue jeans to _______, and the quantity supplied of blue jeans _______. A)  increase; increase; increase B)  decrease; decrease; increase C)  decrease; increase; decrease D)  increase; decrease; increase Figure 4.3
-Figure 4.3 illustrates the supply and demand for blue jeans. If the actual price of blue jeans is $30, we would expect the price of blue jeans to _______, the quantity demanded of blue jeans to _______, and the quantity supplied of blue jeans _______.


A) increase; increase; increase
B) decrease; decrease; increase
C) decrease; increase; decrease
D) increase; decrease; increase

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