During 2018-2019 we saw significant increases in the manufacturing
of cars in india. During the same time period we also observed
significant rises in the demand for cars. We know that during that
time period both price and the level of car traded increased. Based
on that information what most likely happened in the market?
(a) The rise in supply was more than the rise in demand.
(b) The rise in demand was more than the rise in supply.
(c) The rise in demand was perfectly matched by rise in the supply.
(d) None of the above
