n the market for cola, how does the market equilbrium change when both the supply of cola and the demand for cola decrease? the equilbrium price of cola ____ and the equilibrium quantity of cola _____. A. falls; decreases B. might rise or fall; increases or decreases C. rises; might increase, decrease, or not change D. might rise, fall, or not ch
n the market for cola, how does the market equilbrium change when both the supply of cola and the demand for cola decrease? the equilbrium price of cola ____ and the equilibrium quantity of cola _____. A. falls; decreases B. might rise or fall; increases or decreases C. rises; might increase, decrease, or not change D. might rise, fall, or not ch
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
In the market for cola, how does the market equilbrium change when both the supply of cola and the demand for cola decrease? the equilbrium
A. falls; decreases
B. might rise or fall; increases or decreases
C. rises; might increase, decrease, or not change
D. might rise, fall, or not change; decrease
thank you!
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