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Multiple Choice: Which of the following statements is correct ? * if supply decreases and demand increases, equilibrium price will rise * if supply decreases

Multiple Choice: Which of the following statements is correct ? * if supply decreases and demand increases, equilibrium price will rise * if supply decreases and demand decreases, equilibrium quantity will rise * If supply decreases and demand decreases, equilibrium price will fall * if supply decreases and demand increases, equilibrium quantity will rise

8 Which of the following statements is correct? Multiple Choice 5 points eBook If supply decreases and demand increases, equilibrium price will rise. References O If supply decreases and demand decreases, equilibrium quantity will rise. O If supply decreases and demand decreases, equilibrium price will fall. O If supply decreases and demand increases, equilibrium quantity will rise

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