If the price of a chocolate bar is $2.50, how does the market move to its equilibrium? As the market moves to its equilibrium, the price of a chocolate bar ________. A. rises, and the quantity demanded and quantity supplied both decrease B. rises, the quantity demanded decreases, and the quantity supplied increases C. falls, and the quantity demanded and quantity supplied both increase D. falls, the quantity demanded increases, and the quantity supplied decreases
If the price of a chocolate bar is $2.50, how does the market move to its equilibrium? As the market moves to its equilibrium, the price of a chocolate bar ________. A. rises, and the quantity demanded and quantity supplied both decrease B. rises, the quantity demanded decreases, and the quantity supplied increases C. falls, and the quantity demanded and quantity supplied both increase D. falls, the quantity demanded increases, and the quantity supplied decreases
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter7: Demand And Supply
Section: Chapter Questions
Problem 23AA
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If the price of a chocolate bar is $2.50, how does the market move to its equilibrium?
As the market moves to its equilibrium, the price of a chocolate bar ________.
A.
rises, and the quantity demanded and quantity supplied both decrease
B.
rises, the quantity demanded decreases, and the quantity supplied increases
C.
falls, and the quantity demanded and quantity supplied both increase
D.
falls, the quantity demanded increases, and the quantity supplied decreases
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