A) the market clearing price definitely will increase, and the equilibrium quantity definitely will increase.
B) the market clearing price definitely will increase, and the equilibrium quantity definitely will decrease.
C) the equilibrium quantity definitely will decrease, but the change in the market clearing price cannot be determined without more information.
D)
B) the market clearing price definitely will increase, and the equilibrium quantity definitely will decrease.
C) the equilibrium quantity definitely will decrease, but the change in the market clearing price cannot be determined without more information.
D)
ANSWER:
D)