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AP® Microeconomics

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Moderate

Supply and Demand: Pomegranates

APMICR-7SZKB2

The market price of pomegranates rises from \$2 per pound to \$3 per pound. At the same time, the quantity sold in the market decreases from 5,000 to 4,000. Which of the following could explain this?

A

The supply of pomegranates is relatively inelastic.

B

The supply of pomegranates is perfectly inelastic.

C

The demand for pomegranates has increased.

D

The demand for pomegranates has decreased.

E

The supply of pomegranates has decreased.