f supply remains constant and demand increases, what happens to price and quantity? A. Decrease price; decrease quantity B. Increase price; decrease quantity C. Increase price; increase quantity D. Decrease price, increase quantity

f supply remains constant and demand increases, what happens to price and quantity? A. Decrease price; decrease quantity B. Increase price; decrease quantity C. Increase price; increase quantity D. Decrease price, increase quantity

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter7: Demand And Supply

Section7.2: The Demand Curve And Elasticity Of Demand

Problem 1R

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Question

If supply remains constant and demand increases, what happens to price and quantity?

A.
Decrease price; decrease quantity

B.
Increase price; decrease quantity

C.
Increase price; increase quantity

D.
Decrease price, increase quantity

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