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With a Given Supply Curve, a Decrease in Demand Leads

Question 13

Multiple Choice

With a given supply curve, a decrease in demand leads to


A) a decrease in equilibrium price and an increase in equilibrium quantity.
B) an increase in equilibrium price and a decrease in equilibrium quantity.
C) a decrease in equilibrium price and a decrease in equilibrium quantity.
D) no change in price and a decrease in equilibrium quantity.
E) none of the above

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