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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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