A decrease in demand while supply remains unchanged will lead to ______. a) an increase in equilibrium

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A decrease in demand while supply remains unchanged will lead to ______.

a) an increase in equilibrium price and equilibrium quantity

b) a decrease in equilibrium price and equilibrium quantity

c) an increase in equilibrium price and a decrease in equilibrium quantity

d) a decrease in equilibrium price and an increase in equilibrium quantity

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Microeconomics

ISBN: 9780077641542

11th Edition

Authors: Stephen Slavin

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Question Posted: Feb 29, 2024 07:00 AM

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A decrease in demand while supply remains unchanged will lead to ______. a) an increase in equilibrium

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ANSWER The correct answer is c an increase in equilibrium price and a decr...View the full answer

Microeconomics

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