Multiple Choice
Given a positively sloped supply curve,a rise in the demand for that commodity causes
A) a shortage of other goods.
B) a fall in sales of that commodity.
C) an increase in both the equilibrium price and the equilibrium quantity exchanged.
D) a decrease in the equilibrium price and an increase in the equilibrium quantity exchanged.
E) a decrease in both the equilibrium price and the equilibrium quantity exchanged.
Correct Answer:
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