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Exhibit 4-12 -In Exhibit 4-12,an Increase in Price from $6 to $21

Question 33

Multiple Choice

Exhibit 4-12
Exhibit 4-12 -In Exhibit 4-12,an increase in price from $6 to $21 leads to: A) An increase in demand B) A decrease in demand C) A downward movement along the demand curve D) An upward movement along the demand curve E) An increase in supply
-In Exhibit 4-12,an increase in price from $6 to $21 leads to:


A) An increase in demand
B) A decrease in demand
C) A downward movement along the demand curve
D) An upward movement along the demand curve
E) An increase in supply

Correct Answer:

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