All else held constant,an increase in demand-over the long term- will lead to a _________________. (hint - draw out the traditional "X" and then demonstrate an increase (extra hint: think "shifts" in the line) in Demand)

Select one:

a.increase in price and increase in quantity supplied.

b.decrease in price and decrease in quantity supplied.

c.increase in price and decrease in quantity supplied.

d.decrease in price and increase in quantity supplied.

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All else held constant,an increase in supply-over the long term- will lead to a ____________. (hint - draw out the traditional "X" and then demonstrate an increase in Supply)

Select one:

a.increase in price and decrease in quantity demanded.

b.decrease in price and decrease in quantity demanded.

c.decrease in price and increase in quantity demanded.

d.increase in price and increase in quantity demanded.

Clear my choice

Question8

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All else held constant,a decrease in demand-over the long term- will lead to a ____________.(hint - draw out the traditional "X" and then demonstrate an decrease in Demand)

Select one:

a.decrease in price and increase in quantity supplied.

b.decrease in price and decrease in quantity supplied.

c.increase in price and decrease in quantity supplied.

d.increase in price and increase in quantity supplied.