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A Decrease in Demand Will Result in A(n)

Question 126

Multiple Choice

A decrease in demand will result in a(n)


A) increase in equilibrium price and quantity
B) decrease in equilibrium price and quantity
C) decrease in equilibrium price and an increase in equilibrium quantity
D) increase in equilibrium price and a decrease in equilibrium quantity
E) change in equilibrium price and quantity only if supply changes too

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