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Microeconomics 9th Edition by Stephen Slavin
Edition 9ISBN: 9780077426767Microeconomics 9th Edition by Stephen Slavin
Edition 9ISBN: 9780077426767 Exercise 45
A decrease in demand while supply remains unchanged will lead to _____.
A) an increase in equilibrium price and quantity
B) a decrease in equilibrium price and quantity
C) an increase in equilibrium price and a decrease in equilibrium quantity
D) a decrease in equilibrium price and an increase in equilibrium quantity
A) an increase in equilibrium price and quantity
B) a decrease in equilibrium price and quantity
C) an increase in equilibrium price and a decrease in equilibrium quantity
D) a decrease in equilibrium price and an increase in equilibrium quantity
Explanation
Verified
Verified
The change in supply refers to the shift...
Microeconomics 9th Edition by Stephen Slavin
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