Answers Global Economics The Law of Supply and DemandQuestion 6

6

QuizMultiple Choice

The Law of Supply and Demand

Question 6 • Global Economics

How do changing prices affect supply and demand?

Answer

A

As price increases, both supply and demand increase.

A

As price decreases, both supply and demand decrease.

A

As price increases, supply decreases, but demand increases.

A

As price decreases, supply decreases, but demand increases.

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