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    Exam 3: Supply and Demand: Theory
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    If Demand Decreases by a Greater Amount Than Supply Increases,then
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If Demand Decreases by a Greater Amount Than Supply Increases,then

Question 15

Question 15

Multiple Choice

If demand decreases by a greater amount than supply increases,then equilibrium price __________ and equilibrium quantity __________.


A) rises; rises
B) rises; falls
C) falls; rises
D) falls; falls

Correct Answer:

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