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How would the equilibrium price in a market be affected if there were a n large decrease in demand and a small decrease in supply?
How would the equilibrium price in a market be affected if there were a n large decrease in demand and a small decrease in supply?
A. The n equilibrium price would remain the same.
B. The equilibrium price n decreases.
C. The equilibrium price increases.
D. More information is n needed. It may increase, decrease, or remain the same.Step by Step Solution
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B The equilibrium price n decreases A decrease in demand and a decrease in supply ...
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Accounting Introduction To Financial Accounting
Authors: Henry Dauderis, David Annand
1st Edition
1517089719, 978-1517089719
