When the price of rice rises,
A) the market quantity supplied of rice increases.
B) the market supply of rice increases.
C) the market quantity of rice demanded decreases.
D) Both A and C are true.
E) Both A and B are true.

Question

Quizplus · Accepted Answer

When the price of rice rises, suppliers are willing to supply more, increasing the market quantity supplied, and consumers demand less, decreasing the market quantity demanded. Thus, both A and C are true.

When the Price of Rice Rises