Without the Aid of a Graph,one Can Say Definitively That,if

question 67

Multiple Choice

Without the aid of a graph,one can say definitively that,if both supply and demand decrease simultaneously,the new equilibrium price is ___________ and the new equilibrium quantity is _________________.

• A) lower;lower
• B) lower;indeterminate
• C) indeterminate;higher
• D) indeterminate;lower
• E) higher;indeterminate

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