What will an increase in demand result do in he market for chocolate - ProProfs Discuss
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What will an increase in demand result do in he market for chocolate chip cookies?



A. A decrease in both price and quantity
B. An increase in both price and quantity
C. An increase in price and a decrease in quantity
D. A decrease in price and an increase in quantity

This question is part of Microeconomics Exam #1
Asked by Wlkg, Last updated: Sep 17, 2018

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2 Answers

John Adney

John Adney

Answered on Jul 12, 2017

D because in question demand is increase and drmand is increase when price is low

 Reply

John Smith

John Smith

Answered on Nov 29, 2016

An increase in both price and quantity
 Reply

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