A Decrease in Demand Coupled with a Decrease in Supply

question 111

Multiple Choice

A decrease in demand coupled with a decrease in supply 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 a increase in equilibrium quantity
• D) ambiguous effect of equilibrium price and a decrease in equilibrium quantity
• E) ambiguous effect on equilibrium price and a increase in equilibrium quantity

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