If the cost of producing a good rises for sellers, then how will this affect the market equilibrium for that good?
A) Price will rise and quantity will fall.
B) Price will fall and quantity will rise.
C) Price and quantity will both rise.
D) Price and quantity will both fall.

Question

If the cost of producing a good rises for sellers, then how will this affect the market equilibrium for that good?
A) ​Price will rise and quantity will fall.
B) ​Price will fall and quantity will rise.
C) ​Price and quantity will both rise.
D) ​Price and quantity will both fall.

Quizplus · Accepted Answer

The Answer is A

If the Cost of Producing a Good Rises for Sellers