If it is observed that in a particular market by Prof. Frank Levy

Question 2 / 43: If it is observed that, in a particular market, price has risen and quantity exchanged has increased, it is likely that:

A supply has increased.

B supply has decreased.

C demand has increased.

D demand has decreased.

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Microeconomics Practice MCQ

Author:

Prof.Frank LevyLecturer

Harvard Medical School

USA

Access: Public Instant Grading

Attribution: Levy, Frank. 11.203 Microeconomics, Fall 2010. (MIT OpenCourseWare: Massachusetts Institute of Technology), http://ocw.mit.edu/courses/urban-studies-and-planning/11-203-microeconomics-fall-2010 (Accessed 13 Mar, 2014). License: Creative Commons BY-NC-SA

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