Assume Qs represents the quantity supplied at a given price and Qd represents quantity demanded at the same given price. Which of the following market conditions produces an upward movement of the price?
A) Qs = 1,000, Qd = 750.
B) Qs = 750, Qd = 750.
C) Qs = 750, Qd = 1,000.
D) Qs = 1,000, Qd = 1,000.
Correct Answer:
Verified
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