Multiple Choice
If supply decreases and demand increases, then the equilibrium
A) price will decrease and quantity will increase
B) price will increase and quantity will decrease
C) price will increase and quantity could increase, decrease, or remain the same
D) price could increase, decrease, or remain the same and quantity will increase
E) price will increase, decrease, or remain the same and quantity will decrease
Correct Answer:
Verified
Correct Answer:
Verified
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