Multiple Choice
Ceteris paribus, if the market demand for a product decreases, what will happen to the equilibrium quantity and equilibrium price?
A) Quantity will be indeterminate and price will decrease.
B) Quantity and price will both increase.
C) Quantity will increase and price will be indeterminate.
D) Quantity and price will both decrease.
Correct Answer:
Verified
Correct Answer:
Verified
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