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One Observes That Both the Equilibrium Price and the Equilibrium

Question 138

Multiple Choice

One observes that both the equilibrium price and the equilibrium quantity of coffee fall.Which of the following best fits the observed data?


A) An increase in demand with supply constant.
B) An increase in demand coupled with a decrease in supply.
C) An increase in demand coupled with an increase in supply.
D) A decrease in demand with supply constant.
E) An increase in supply with demand constant.

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