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A decrease in demand and a decrease in supply will lead to a :decrease in quantity but the effect on price is indeterminate. decrease in price but the effect on quantity is indeterminate. .decrease in price and an increase in quantity. decrease in price and a decrease in quantity.

A decrease in demand and a decrease in supply will lead to a :decrease in quantity but the effect on price is indeterminate. decrease in price but the effect on quantity is indeterminate. .decrease in price and an increase in quantity. decrease in price and a decrease in quantity.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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 A decrease in demand and a decrease in supply will lead to a

:decrease in quantity but the effect on price is indeterminate.

decrease in price but the effect on quantity is indeterminate.

.decrease in price and an increase in quantity.

decrease in price and a decrease in quantity.

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