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Suppose That for a Given Good,demand Decreases and Supply Decreases

question 60

Multiple Choice

Suppose that for a given good,demand decreases and supply decreases at the same time.If demand decreases by a greater amount than supply decreases,then equilibrium price __________ and equilibrium quantity __________ for that good.


Definitions:

Benevolent Sexism

A chivalrous attitude towards women that feels favorable but is actually sexist because it casts women as weak and in need of men's protection.

Hostile Sexism

A form of sexism characterized by antipathy or hostility towards women, often manifesting through negative stereotypes or overt discrimination.

Nonsexism

An attitude or practice of avoiding discrimination based on sex or gender, promoting equality among all genders.

Interrupting

The action of stopping or hindering a process or conversation by breaking in or cutting off.

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