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If Market Demand Decreases and Market Supply Increases, What Will

Question 120

Multiple Choice

If market demand decreases and market supply increases, what will happen to the equilibrium quantity and equilibrium price?


A) Quantity will be indeterminate and price will increase.
B) Quantity will decrease and price will be indeterminate.
C) Quantity will increase and price will be indeterminate.
D) Quantity will be indeterminate and price will decrease.

Correct Answer:

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