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    Managerial Economics and Business Strategy Study Set 1
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    Exam 2: Market Forces: Demand and Supply
  5. Question
    Suppose Supply Decreases and Demand Increases
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Suppose Supply Decreases and Demand Increases

Question 84

Question 84

Multiple Choice

Suppose supply decreases and demand increases.What effect will this have on the price?


A) It will fall.
B) It will rise.
C) It may rise or fall.
D) It will remain the same.

Correct Answer:

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