In which of the following situations will market clearing price increase and the equilibrium quantity decrease?
A) an increase in demand with no change in supply
B) an increase in supply with no change in demand
C) a decrease in supply with no change in demand
D) a decrease in demand with no change in supply
Correct Answer:
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Q126: Suppose that the supply curve remains unchanged.
Q127: If supply decreases and demand increases
A) the
Q128: We cannot predict the effect on the
Q130: If supply increases and demand decreases
A) the
Q131: If demand and supply both decrease
A) the
Q132: In which of the following situations will
Q133: If demand and supply both increase
A) the
Q134: We cannot predict the effect on the
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