Answers 26-27 Ignite Economics-KY-Economics Case Study: Starting a Business — Unit testQuestion 7

7

QuizMultiple Choice

Case Study: Starting a Business — Unit test

Question 7 of 25 • 26-27 Ignite Economics-KY-Economics

How do changing prices affect supply and demand?

Answer

A

As price increases, both supply and demand increase.

B

As price decreases, both supply and demand decrease.

C

As price increases, supply decreases, but demand increases.

D

As price decreases, supply decreases, but demand increases.

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