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What happens to the equilibrium price and quantity when supply decreases? Equilibrium price increases and equilibrium quantity increases Equilibrium price increases and equilibrium quantity decreases
What happens to the equilibrium price and quantity when supply decreases?
Equilibrium price increases and equilibrium quantity increases
Equilibrium price increases and equilibrium quantity decreases
Equilibrium price decreases and equilibrium quantity increases
Equilibrium price decreases and equilibrium quantity decreases
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