Economics MCQ Economics Chapter 4 If the price system is allowed to function without interference and a shortage occurs, quantity demanded will __ and quantity supplied will ____ as the price rises to its equilibrium level.

If the price system is allowed to function without interference and a shortage occurs, quantity demanded will and quantity supplied will __ as the price rises to its equilibrium level.

Naim 05:49 Economics Chapter 4

If the price system is allowed to function without interference and a shortage occurs, quantity demanded will and quantity supplied will __ as the price rises to its equilibrium level.

a. rise rise
b. fall fall
c. rise fall
d. fall rise

Answer: D

Economics MCQ

If the price system is allowed to function without interference and a shortage occurs, quantity demanded will __ and quantity supplied will ____ as the price rises to its equilibrium level.

If the price system is allowed to function without interference and a shortage occurs, quantity demanded will __ and quantity supplied will ____ as the price rises to its equilibrium level.

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If the price system is allowed to function without interference and a shortage occurs, quantity demanded will and quantity supplied will __ as the price rises to its equilibrium level.

If the price system is allowed to function without interference and a shortage occurs, quantity demanded will and quantity supplied will __ as the price rises to its equilibrium level.