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  3. Study Set
    Managerial Economics
  4. Exam
    Exam 2: Market Forces: Demand and Supply
  5. Question
    Suppose Supply Decreases and Demand Increases
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Suppose Supply Decreases and Demand Increases

Question 12

Question 12

Multiple Choice

Suppose supply decreases and demand increases.What effect will this have on the quantity?


A) it will fall.
B) it will rise.
C) it may rise or fall.
D) it will remain the same.

Correct Answer:

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