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    Business
  3. Study Set
    Managerial Economics in a Global Economy
  4. Exam
    Exam 2: Demand, Supply, and Equilibrium Analysis
  5. Question
    When the Supply Curve Shifts Up (Supply Declines), the Equilibrium
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When the Supply Curve Shifts Up (Supply Declines), the Equilibrium

Question 46

Question 46

True/False

When the supply curve shifts up (supply declines), the equilibrium quantity falls, which means the demand declines.

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