Home » Economics » If there is an increase in demand without a corresponding increase in supply, there will…

If there is an increase in demand without a corresponding increase in supply, there will…

If there is an increase in demand without a corresponding increase in supply, there will be a
  • A.
    rise in price
  • B.
    shift in demand curve to the left
  • C.
    fall in price
  • D.
    shift in supply curve to the right
Correct Answer: Option A
Explanation