Camille’s Creations and Julia’s Jewels both sell beads in a competitive market. If at the market price of $5, both are running out of beads to sell (they can’t keep up with the quantity demanded at that price), then we would expect both Camille’s and Julia’s to:
2) Camilles Creations and Julias Jewels both sell beads in a competitive market. If at the market price of $5, both are running out of beads to sell (they cant keep up with the quantity demanded at that price), then we would expect both Camilles and Julias to:
A. raise their price and reduce their quantity supplied
B. raise their price and increase their quantity supplied
C. lower their price and reduce their quantity supplied
D. lower their price and increase their quantity supplied
