The following will lead to an increase in the equilibrium price and quantity: (A) Demand remains constant; supply decreases (B) Demand increases; supply remains constant. O A only O B only O Both the choices are correct. None of the choices are correct.

The following will lead to an increase in the equilibrium price and quantity: (A) Demand remains constant; supply decreases (B) Demand increases; supply remains constant. O A only O B only O Both the choices are correct. None of the choices are correct.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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