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Without the Aid of a Graph,one Can Say Definitively That,if

Question 170

Multiple Choice

Without the aid of a graph,one can say definitively that,if supply decreases while demand increases simultaneously,the new equilibrium price is ___________ and the new equilibrium quantity is _________________.


A) lower;lower
B) lower;indeterminate
C) indeterminate;higher
D) indeterminate;lower
E) higher;indeterminate

Correct Answer:

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