An increase in the price of a good could be caused by
A) An increase in supply.
B) An increase in demand.
C) A decrease in supply and an increase in demand.
D) Either b. or c.

Name: An increase in the price of a good could be caused by A) An increase in supply. B) An increase in demand. C) A decrease in supply and an increase in demand. D) Either b. or c.
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Question

Quizplus · Accepted Answer

An increase in the price of a good can be caused by an increase in demand, a decrease in supply, or both simultaneously.

An Increase in the Price of a Good Could Be