the demand for Halloween candy is increasing and the number of sellers selling the candy is also increasing by more than the demand, then what will happen to price and quantity sold of candy in October as compared to September: Think about Supply and Demand when answering question, there is No opinion needed here. : A. Price of the candy will be higher and amount of candy sold is higher. B. The price will be same in October and September and quantity sold will be less. C. The price will be lower and quantity sold is higher in October than in September. D. The price will be higher and quantity sold will be the same as previous month of September. E. There is More information needed, to determine what happens to the Price and quantity sold
the demand for Halloween candy is increasing and the number of sellers selling the candy is also increasing by more than the demand, then what will happen to price and quantity sold of candy in October as compared to September: Think about Supply and Demand when answering question, there is No opinion needed here. : A. Price of the candy will be higher and amount of candy sold is higher. B. The price will be same in October and September and quantity sold will be less. C. The price will be lower and quantity sold is higher in October than in September. D. The price will be higher and quantity sold will be the same as previous month of September. E. There is More information needed, to determine what happens to the Price and quantity sold
Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter4: The Market Forces Of Supply And Demand
Section: Chapter Questions
Problem 3PA: Consider the market for minivans. For each of the events listed here, identify which of the...
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If the demand for Halloween candy is increasing and the number of sellers selling the candy is also increasing by more than the demand, then what will happen to price and quantity sold of candy in October as compared to September: Think about Supply and Demand when answering question, there is No opinion needed here. :
A. |
Price of the candy will be higher and amount of candy sold is higher. |
|
B. |
The price will be same in October and September and quantity sold will be less. |
|
C. |
The price will be lower and quantity sold is higher in October than in September. |
|
D. |
The price will be higher and quantity sold will be the same as previous month of September. |
|
E. |
There is More information needed, to determine what happens to the Price and quantity sold . |
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