. If Demand stays constant and Supply decreases a) Equilibrium price will increase. b) Equilibrium quantity will increase. c) Equilibrium price will decrease. d) Equilibrium quantity will decrease. e) Both (a) and (d) are true
. If Demand stays constant and Supply decreases a) Equilibrium price will increase. b) Equilibrium quantity will increase. c) Equilibrium price will decrease. d) Equilibrium quantity will decrease. e) Both (a) and (d) are true
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter4: Markets In Action
Section: Chapter Questions
Problem 1SQ
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08. If Demand stays constant and Supply decreasesa)
Equilibrium price will increase.b)Equilibrium quantity will increase.c) Equilibrium price will decrease.d) Equilibrium quantity will decrease.e) Both (a) and (d) are true
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