Other things being equal, an increase in supply will lead to
ECONOMICS
WAEC 2014
Other things being equal, an increase in supply will lead to
- A. a fall in price and an increase in quantity bought and sold
- B. an increase in price and increase in quantity bought and sold
- C. a fall in price and a fall in quantity bought and sold
- D. an increase in quantity supplied and demanded only
Correct Answer: A. a fall in price and an increase in quantity bought and sold
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