Which of the following would reduce the price of basketballs and increase the quantity sold?
A) An increase in the demand for basketballs.
B) A decrease in the demand for basketballs.
C) A decrease in the supply of basketballs.
D) An increase in the supply of basketballs.

Question

Quizplus · Accepted Answer

An increase in the supply of basketballs would lead to a lower price and a higher quantity sold, as suppliers are willing to sell more at a lower price.

Which of the Following Would Reduce the Price of Basketballs