Suppose that the equilibrium price of french fries rises while the equilibrium quantity falls. The most likely explanation for these changes is Multiple Choice a decrease in demand for french fries a decrease in the supply of french fries. an increase in demand for french fries

Brief Principles of Macroeconomics (MindTap Course List)
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Author:N. Gregory Mankiw
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Chapter4: The Market Forces Of Supply And Demand
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Suppose that the equilibrium price of french fries rises while the equilibrium quantity falls. The most likely explanation for these
changes is
Multiple Choice
a decrease in demand for french fries
a decrease in the supply of french fries.
an increase in demand for french fries
Transcribed Image Text:Suppose that the equilibrium price of french fries rises while the equilibrium quantity falls. The most likely explanation for these changes is Multiple Choice a decrease in demand for french fries a decrease in the supply of french fries. an increase in demand for french fries
If supply increases, then
Multiple Choice
the quantity demanded will increase.
the quantity demanded will decrease.
price will increase.
Transcribed Image Text:If supply increases, then Multiple Choice the quantity demanded will increase. the quantity demanded will decrease. price will increase.
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