Macroeconomics 11th Edition by Stephen Slavin

Exercise 8

Before you get started, you'll find it's much easier to answer many of these questions by first sketching a graph of a supply and demand curve. In fact, that graph will help you answer the first four questions.
Circle the letter that corresponds to the best answer.
As price rises, _____.
a) quantity demanded and quantity supplied both rise
b) quantity demanded and quantity supplied both fall
c) quantity demanded rises and quantity supplied falls
d) quantity demanded falls and quantity supplied rises