Which of the following statement is TRUE of the... - JAMB Economics 1995 Question
Which of the following statement is TRUE of the effect of changes in demand and supply on price?
A
A decrease in supply will lead to fall in price and a fall in the quantity bought and sold
B
An increase in demand will lead to a fall in price and quantity bought and sold
C
A decrease in demand will lead to a rise in price and in the quantity bought and sold
D
An increase in supply will lead to a fall price and a rise in the quantity bought and sold
correct option: d
Please share this, thanks:
Add your answer
No responses