2 A decrease in demand results in a causing the equilibrium price to and the equilibrium quantity...

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2 A decrease in demand results in a causing the equilibrium price to and the equilibrium quantity to .

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a. shortage; increase; increase

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b. surplus; decrease; increase

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c. shortage; increase; decrease

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d. surplus; decrease; decrease

■

e. surplus; increase; decrease

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Fundamentals Of Economics

ISBN: 9780618992676

4th Edition

Authors: William Boyes , Michael Melvin

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Question Posted: Jul 05, 2024 10:08 AM

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2 A decrease in demand results in a causing the equilibrium price to and the equilibrium quantity...

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Fundamentals Of Economics

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