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A Decrease in the Equilibrium Price and Quantity of a Good

Question 193

Multiple Choice

A decrease in the equilibrium price and quantity of a good sold in a market would be caused by:


A) a decrease in the number of buyers in the market.
B) a decrease in the cost of producing the good sold in the market.
C) an increase in the number of sellers in the market.
D) an increase in the price of a good that competes with the good sold in the market.

Correct Answer:

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