When the supply of a good increases and its demand decreases by the same amount:
A)Price will change in the same direction as the shift in supply.
B)Price will change in the same direction as the shift in demand.
C)Quantity exchanged will change in the same direction as the shift in supply.
D)Quantity exchanged will change in the same direction as the shift in demand.

Question

When the supply of a good increases and its demand decreases by the same amount:
A)​Price will change in the same direction as the shift in supply.
B)​Price will change in the same direction as the shift in demand.
C)​Quantity exchanged will change in the same direction as the shift in supply.
D)​Quantity exchanged will change in the same direction as the shift in demand.

Quizplus · Accepted Answer

The Answer of When the supply of a good increases and its demand decreases by the same amount:
A)​Price will change in the same direction as the shift in supply.
B)​Price will change in the same direction as the shift in demand.
C)​Quantity exchanged will change in the same direction as the shift in supply.
D)​Quantity exchanged will change in the same direction as the shift in demand.

When the Supply of a Good Increases and Its Demand