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

Which of the following statements iscorrect?

Multiple Choice

  • 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.

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