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If demand increased and supply decreased then:

A. Quantity exchanged might rise or fall and price would rise

B. Quantity exchanged would rise and price would fall

C. Quantity exchanged would rise and price might rise or fall

D. Both quantities exchanged and price would rise

Please do not use chat terms. Example: avoid using "grt" instead of "great".

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  1. The market demand for any commodity is the:
  2. The game theory takes into consideration:
  3. Implicit costs are the costs:
  4. If the commodity is inferior then the Income Effect (I.E) and the Substitution Effect (S.E):
  5. For a commodity giving large consumers surplus, the demand will be:
  6. Cartel is associated with:
  7. The long-run average cost is based on the fact that:
  8. Marginal utility means:
  9. The Latin term citeris paribus means:
  10. Monopoly means:
  11. If in the long run all factor inputs are increased three times and the resulting output is four times…
  12. In the long-run:
  13. In monopolistic competition, the real differentiation in products is due to difference in:
  14. Given a U shaped average cost curve, the relationship between average cost and marginal cost is such…
  15. The cobweb model will convergent when the slope of:
  16. The long-run AC curve is constructed from:
  17. The Input-Output Analysis was originated by:
  18. If demand increased and supply decreased then:
  19. If the factors have to be employed in a fixed ratio, then the elasticity of substitution under Leontief…
  20. When a consumer is satisfied with his spending pattern, he is said to be in:
  21. In monopolistic competition (also in kinked demand curve model), a firm sells the amount where:
  22. If the price of Pepsi Cola goes down, you would predict:
  23. The game theory is concerned with:
  24. The marshallian demand curve includes:
  25. The Strategy of Economic Development is the work of:
  26. A loss bearing firm will continue to produce in the short run so long as the price at least covers:
  27. The elasticity of substitution measures the percentage change in the ratio of inputs when any producer…
  28. The substitution effect works to encourage a consumer to purchase more of a product when the price of…
  29. If the commodity is inferior then:
  30. An income demand curve of an inferior good is: