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A Decrease in Demand,with Supply Constant,results in A(n)

Question 158

Multiple Choice

A decrease in demand,with supply constant,results in a(n)


A) increase in equilibrium price and a decrease in equilibrium quantity
B) decrease in equilibrium price and a decrease in equilibrium quantity
C) increase in equilibrium price and an increase in equilibrium quantity
D) increase in equilibrium price and an ambiguous effect on equilibrium quantity
E) decrease in supply

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