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Assume Both the Demand for and the Supply of 4

Question 139

Multiple Choice

Assume both the demand for and the supply of 4 GB flash drives decrease.Which of the following outcomes is certain to occur?


A) The equilibrium price of 4 GB flash drives will rise.
B) The equilibrium quantity of 4 GB flash drives will rise.
C) The equilibrium price of 4 GB flash drives will fall.
D) The equilibrium quantity of 4 GB flash drives will fall.
E) Neither the equilibrium price nor the equilibrium quantity of 4 GB flash drives can be predicted.

Correct Answer:

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