If we observe an increase in the price of a good and an increase in the amount of the good bought and sold, this could be explained by an increase in the supply of the good. an increase in the demand for the good. a decrease in the demand for the good. a decrease in the supply of the good.
If we observe an increase in the price of a good and an increase in the amount of the good bought and sold, this could be explained by an increase in the supply of the good. an increase in the demand for the good. a decrease in the demand for the good. a decrease in the supply of the good.
Chapter3: Supply And Demand: Theory
Section3.3: The Market: Putting Supply And Demand Together
Problem 3ST
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Transcribed Image Text:If we observe an increase in the price of a good and an increase in the amount of the good bought and sold, this could
be explained by
an increase in the supply of the good.
an increase in the demand for the good.
a decrease in the demand for the good.
a decrease in the supply of the good.
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