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The Equilibrium Quantity Will Decrease and the Price Might Rise

Question 358

Multiple Choice

The equilibrium quantity will decrease and the price might rise, fall, or stay the same when the


A) demand for a good decreases and the supply of it increases.
B) demand and the supply of a good both increase.
C) demand and the supply of a good both decrease.
D) demand for a good increases and the supply of it decreases.

Correct Answer:

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