Assume that there is a rise in the demand for a good. Ceteris paribus, this will result in
A) a rise in the price of the good, but a fall in the price of the factors used to make it.
B) a rise in the price of the good, but an unknown effect on the price of the factors used to make it.
C) a fall in the price of the good, but a rise in the price of the factors used to make it.
D) a fall in the price of the good and a fall in the price of the factors used to make it.
E) a rise in the price of the good and a rise in the price of the factors used to make it.
Correct Answer:
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