Home » Online Course » An increase in the demand for a commodity accompanied by a decrease in its supply will result in a(n): An increase in the demand for a commodity accompanied by a decrease in its supply will result in a(n): 2. Question 2 An increase in the demand for a commodity accompanied by a decrease in its supply will result in a(n): 1 point decrease in price and an increase in quantity. increase in both price and quantity. increase in price while the quantity can increase or decrease. increase in quantity while the price can increase or decrease. Other Questions Of This Category High Stakes Leadership LeadingInternet History Technology Security QuizStrategic Organization Design CourseraFundamentals of financial and management accounting QuizMoralities of Everyday Life QuizPreparing to Manage Human Resources QuizCorporate Financial Decision Making for Value CreationAlternative Approaches to Valuation and InvestmentManaging Project Risks and Changes QuizThe Science of Success What Researchers Know that You Should Know QuizCybersecurity and Its Ten Domains QuizPrinciples of Corporate Finance A Tale of ValueMergers and Acquisitions The Relentless Pursuit of SynergyGetting Started with AI using IBM Watson QuizCore Concepts of Accounting Numbers and People