
If demand decreases but supply increases, we can say that
A) equilibrium price will rise, but equilibrium quantity is indeterminate.
B) equilibrium quantity will decrease, but equilibrium quantity is indeterminate.
C) we require more information to determine the movement in price and quantity.
D) equilibrium price will decrease, but equilibrium quantity is indeterminate.
E) equilibrium quantity will rise, but equilibrium price is indeterminate.
Correct Answer:
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