Suppose supply decreases and demand increases. What effect will this have on the price?

A. It will rise.
B. It will fall.
C. It will remain the same.
D. It may rise or fall.


Answer: A

Economics

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The chief economist of the country of Elbonia has predicted that the new policies adopted by the government will lead to higher economic growth accompanied by lower rates of inflation. The currency of Elbonia is expected to: a. weaken

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