Multiple Choice
In recent years,the demand for orange juice in the United States has fallen and the supply of orange juice has also fallen,with the decrease in supply being larger than the decrease in demand.In this situation,the equilibrium price of orange juice will have ________ and the equilibrium quantity of orange juice will have ________.
A) decreased; increased
B) decreased; decreased
C) increased; decreased
D) increased; increased
Correct Answer:
Verified
Correct Answer:
Verified
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