When Demand Increases and Supply Decreases by the Same Amount

question 139

Multiple Choice

When demand increases and supply decreases by the same amount, the equilibrium quantity ________ and the equilibrium price ________.

• A) decreases; might rise, fall or not change
• B) does not change; rises
• C) decreases; rises
• D) decreases; falls
• E) does not change; might rise, fall or not change

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Definitions:

Average

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