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peachelk346Lv1
11 Dec 2019
If the supply and demand for a product both decrease, then equilibrium:
A. quantity must fall and equilibrium price must rise.
B. price must fall, but equilibrium quantity may rise, fall, or remain unchanged.
C. quantity must decline, but equilibrium price may rise, fall, or remain unchanged.
D. quantity and equilibrium price must both decline.
If the supply and demand for a product both decrease, then equilibrium:
A. quantity must fall and equilibrium price must rise.
B. price must fall, but equilibrium quantity may rise, fall, or remain unchanged.
C. quantity must decline, but equilibrium price may rise, fall, or remain unchanged.
D. quantity and equilibrium price must both decline.
Margaux Elysse C. SiasonLv6
14 Sep 2020
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