If the Demand for a Product Remains the Same and the Supply

question 193

Multiple Choice

If the demand for a product remains the same and the supply falls,

• A) the market clearing price will fall and the equilibrium quantity will rise.
• B) the market clearing price will rise and the equilibrium quantity will fall.
• C) both the market clearing price and the equilibrium quantity will fall.
• D) both the market clearing price and the equilibrium quantity will rise.

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Medical operations or procedures performed to treat diseases, injuries, or deformities.

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Describes an event, substance, or process that takes place in nature without human intervention.