A-LevelEconomicsThe price system and the microeconomy9708/12 · Feb/Mar 2016 · Q101 Mark
The demand for tablets increases, while the cost of producing them decreases. What will be the effect on the price of tablets and on the quantity supplied?
Aprice fall, quantity uncertain
Bprice rise, quantity increase
Cprice uncertain, quantity increase
Dprice uncertain, quantity uncertain
✓ Correct answer
C: price uncertain, quantity increase
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