For quantity exchanged to decrease, but the price to rise, there must have been a(n)
A)increase in demand.
B)decrease in demand.
C)increase in supply
D)decrease in supply.

Question

For quantity exchanged to decrease, but the price to rise, there must have been a(n)
A)​increase in demand.
B)​decrease in demand.
C)​increase in supply
D)​decrease in supply.

Quizplus · Accepted Answer

A decrease in supply would lead to a decrease in the quantity exchanged and an increase in price, as the reduced availability of the product makes it more scarce, driving prices up.

For Quantity Exchanged to Decrease, but the Price to Rise