If the price of apples rises and the quantity of apples exchanged decreases,then we know that there cannot have been a:
A) decrease in supply with no change in demand
B) large decrease in supply and a small decrease in demand
C) large decrease in supply and a small increase in demand
D) large increase in demand and a small increase in supply

Question

Quizplus · Accepted Answer

A large increase in demand and a small increase in supply would lead to an increase in both the price and quantity of apples exchanged, not a decrease in quantity.

If the Price of Apples Rises and the Quantity of Apples