When both the demand for and supply of bottld water increase but demand increases by more than supply increases how do the quantity and the price change? The quantity _____ and the price ______. A. might increase or decrease; falls B. increases; rises
When both the demand for and supply of bottld water increase but demand increases by more than supply increases how do the quantity and the price change? The quantity _____ and the price ______. A. might increase or decrease; falls B. increases; rises
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter4: The Market Forces Of Supply And Demand
Section: Chapter Questions
Problem 6QR
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When both the
A. might increase or decrease; falls
B. increases; rises
C. might increase or decrease; rises
D. decreases; falls
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