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When Demand Increases and Supply Decreases by the Same Amount,the

Question 51

Multiple Choice

When demand increases and supply decreases by the same amount,the equilibrium quantity ________ and the equilibrium price ________.


A) decreases; rises
B) decreases; falls
C) decreases; does not change
D) decreases; might rise, fall, or not change
E) does not change; might rise, fall, or not change

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