Which of the followling statements is correct? Multiple Cholce If supply Increases and demand decreases, equilibrlum price will fall. If demand Increases and supply decreases, equilibrium price will fall. If demand decreases and supply Increases, equilibrium price will rise. If supply decreases and demand remains constant, equlibrlum price will fl. If supply Increases and demand remains constant, equilibrlum price will rise.
Which of the followling statements is correct? Multiple Cholce If supply Increases and demand decreases, equilibrlum price will fall. If demand Increases and supply decreases, equilibrium price will fall. If demand decreases and supply Increases, equilibrium price will rise. If supply decreases and demand remains constant, equlibrlum price will fl. If supply Increases and demand remains constant, equilibrlum price will rise.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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