Which of the following is true about the market equilibrium?
A) As the price increases, the quantity demanded and the quantity supplied increases.
B) As the price increases, the quantity demanded and the quantity supplied decreases.
C) As the price increases, the quantity demanded increases and the quantity supplied
Decreases.
D) As the price increases, the quantity demanded decreases and the quantity supplied
Increases.
Correct Answer:
Verified
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