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Which of the Following Statements Is Correct

Question 134

Multiple Choice

Which of the following statements is correct?


A) If demand increases and supply decreases, equilibrium price will fall.
B) If supply increases and demand decreases, equilibrium price will fall.
C) If demand decreases and supply increases, equilibrium price will rise.
D) If supply declines and demand remains constant, equilibrium price will fall.

Correct Answer:

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