If we observe an increase in the price of a good and an increase in the amount of the good bought and sold, this could be explained by a. a decrease in the supply of the good. a. a decrease in the supply of the good. b. an increase in the demand for the good. b. an increase in the demand for the good. c. a decrease in the demand for the good. c. a decrease in the demand for the good. d. an increase in the supply of the good.

If we observe an increase in the price of a good and an increase in the amount of the good bought and sold, this could be explained by a. a decrease in the supply of the good. a. a decrease in the supply of the good. b. an increase in the demand for the good. b. an increase in the demand for the good. c. a decrease in the demand for the good. c. a decrease in the demand for the good. d. an increase in the supply of the good.

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter4: The Market Forces Of Supply And Demand

Section: Chapter Questions

Problem 2CQQ

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