A Decrease in Demand,with Supply Constant,results in A(n)

question 92

Multiple Choice

A decrease in demand,with supply constant,results in a(n)

• A) increase in equilibrium price and a decrease in equilibrium quantity
• B) decrease in equilibrium price and a decrease in equilibrium quantity
• C) increase in equilibrium price and an increase in equilibrium quantity
• D) increase in equilibrium price and an ambiguous effect on equilibrium quantity
• E) decrease in supply

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