Which of the following will definitely occur when there is a simultaneous decrease in demand and a decrease in supply?
A) an increase in equilibrium price
B) a decrease in equilibrium price
C) an increase in equilibrium quantity
D) a decrease in equilibrium quantity
Correct Answer:
Verified
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Q230: If demand is represented as Qd =
Q231: If demand is represented as Qd =
Q232: A movement along the demand curve to
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