If the price of crude oil falls, the equilibrium price of petrol _______ and the equilibrium quantity _______.
A) rises; increases
B) falls; increases
C) rises; decreases
D) falls; decreases
Correct Answer:
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Q69: Q71: An increase in the price of jet Q72: Q75: Which of the following statements is true? Q76: Which of the following will NOT shift Q77: The price of cereal rises. As a Q78: Which of the following is true? Q79: If the quantity of textbooks supplied is Q153: When the price of a good is Q304: Which of the following statements is correct?
A)
A) An
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