If the Equilibrium Quantity Decreases While the Equilibrium Price Increases

question 37

Multiple Choice

If the equilibrium quantity decreases while the equilibrium price increases, which of the following is the most likely reason?

• A)Supply increases while demand decreases.
• B)Supply increases while demand does not change.
• C)Both supply and demand increase.
• D)Both supply and demand decrease.
• E)Neither supply nor demand changes.

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