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Which Statement Is Not Correct

Question 66

Multiple Choice

Which statement is not correct?


A) If demand increases and supply decreases, price will rise and the quantity exchanged may either rise or fall.
B) If supply increases and demand decreases, price will fall and the quantity exchanged may either rise or fall.
C) If supply declines and demand remains constant, price will rise and the quantity exchanged will rise.
D) If demand and supply increase, the quantity exchanged will rise and price may either rise or fall.

Correct Answer:

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