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If Both Demand and Supply Decrease, but the Decrease in Supply

question 316

Multiple Choice

If both demand and supply decrease, but the decrease in supply is greater than the decrease in demand, then the equilibrium price _____ and equilibrium output _____.


Definitions:

Margins

The blank spaces surrounding the text on a page, defining the text area and contributing to the document's overall layout.

Rulers

Measuring tools typically displayed horizontally and vertically within applications to assist in aligning text, graphics, and other elements.

Tab Stops

Predetermined positions within a document to which the cursor moves when the tab key is pressed, aiding in text alignment.

Page Margins

Spaces left on the sides, top, and bottom of a document page, outside the main body of text, contributing to the document layout and readability.

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