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1.A decrease in supply will have what effect on equilibrium price and quantity? a.Both price and quantity will increase. b.Price will decrease; quantity will increase.
1.A decrease in supply will have what effect on equilibrium price and quantity?
a.Both price and quantity will increase.
b.Price will decrease; quantity will increase.
c.Both price and quantity will decrease.
d.Price will increase; quantity will decrease.
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