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Which of the Following Statements Is Correct

Question 148

Multiple Choice

Which of the following statements is correct?


A) When both demand and supply increase, the price rises and the quantity might increase, decrease or remain the same.
B) When both demand and supply decrease, the quantity increases and the price might rise, fall or remain the same.
C) When both demand and supply decrease, the quantity decreases and the price might rise, fall or remain the same.
D) When both demand and supply increase, the quantity decreases and the price might rise, fall or remain the same.

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