1. An increase in demand will result in A. an increase in price and an increase in quantity. B. an increase in price and a decrease in quantity. C.a decrease in price and an increase in quantity. D. a decrease in price and a decrease in quantity. 2. A decrease in demand will result in A. an increase in price and an increase in quantity. B. an increase in price and a decrease in quantity. C. a decrease in price and an increase in quantity. D. a decrease in price and a decrease in quantity. 3. An increase in supply will result in A. an increase in price and an increase in quantity. B. an increase in price and a decrease in quantity. C. a decrease in price and an increase in quantity. D. a decrease in price and a decrease in quantity. 4. A decrease in supply will result in A. an increase in price and an increase in quantity. B. an increase in price and a decrease in quantity. C. a decrease in price and an increase in quantity. D. a decrease in price and a decrease in quantity