In a market economy, if the price of a good increases, the quantity demanded by consumers and the quantity supplied by producers
will change in which of the following ways? A. Quantity demanded by consumers will Increase, Quantity supplied by producers will increase
B. Quantity demanded by consumers will increase, Quantity supplied by producers will decrease
C. Quantity demanded by consumers will decrease, Quantity supplied by producers will increase
D. Quantity demanded by consumers will decrease, Quantity supplied by producers will decrease
