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Suppose Both Supply and Demand Decrease

question 113

Multiple Choice

Suppose both supply and demand decrease.What effect will this have on price?


Definitions:

Butane

A gaseous hydrocarbon with the formula C4H10, existing in two isomeric forms and used as a fuel and a refrigerant.

Torsional Strain

A type of strain in molecules that occurs when atoms in a molecule are placed such that they cause repulsion by being in close proximity, often linked to bond angles and rotation around bonds.

Combustion

A chemical process that involves the rapid combination of a substance with oxygen to release heat and light.

Cyclohexane

A saturated cyclic hydrocarbon with the formula C6H12, featuring a six-carbon ring structure.

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