question archive If supply decreases but demand remains the same, we can conclude that the new equilibrium: a
If supply decreases but demand remains the same, we can conclude that the new equilibrium: a
Subject:MarketingPrice:2.88 Bought3
If supply decreases but demand remains the same, we can conclude that the new equilibrium:
a. price must fall but market quantity is indeterminate.
b. quantity must increase but market price is indeterminate.
c. price must increase but market quantity is indeterminate.
d. quantity must decrease but market price is indeterminate.
e. price must increase and quantity must increase.
f. price must increase and quantity must decrease.
Option 1
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