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Assume That at the Current Market Price of $4 Per

Question 133

Multiple Choice
Assume that at the current market price of $4 per unit of a good, you are willing and able to buy 20 units. Last year, at a price of $4 per unit, you would have purchased 30 units. What has most likely happened over the last year?

Assume that at the current market price of $4 per unit of a good, you are willing and able to buy 20 units. Last year, at a price of $4 per unit, you would have purchased 30 units. What has most likely happened over the last year?


A) Demand has increased.
B) Demand has decreased.
C) Supply has increased.
D) Supply has decreased.
E) Quantity supplied has decreased.

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