Multiple Choice
When demand decreases and supply increases
A) equilibrium price will rise and equilibrium quantity will fall.
B) equilibrium price will fall and equilibrium quantity will fall.
C) equilibrium price will fall but equilibrium quantity may rise or fall.
D) equilibrium price will fall and equilibrium quantity will rise.
Correct Answer:
Verified
Correct Answer:
Verified
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Q147: Figure 3-3 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4981/.jpg" alt="Figure 3-3
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Q149: Table 3-2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4981/.jpg" alt="Table 3-2
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Q155: Table 3-1<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4981/.jpg" alt="Table 3-1