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In the Market for Oranges, the Demand and Supply of Oranges

Question 150

Multiple Choice

In the market for oranges, the demand and supply of oranges decrease by the same amount. The equilibrium quantity will ________ and the equilibrium price will ________.


A) decrease; not change
B) decrease; fall
C) remain the same; either rise or fall
D) remain the same; rise

Correct Answer:

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