Assume that supply decreases greatly and demand decreases slightly. Which of the following will happen? Equilibrium price will fall and equilibrium quantity will rise. Equilibrium price will rise and...


Assume that supply decreases greatly and demand decreases slightly. Which of the following will<br>happen?<br>Equilibrium price will fall and equilibrium quantity will rise.<br>Equilibrium price will rise and equilibrium quantity will fall.<br>O Equilibrium price will rise and equilibrium quantity will rise.<br>Neither equilibrium price nor equilibrium quantity will change.<br>

Extracted text: Assume that supply decreases greatly and demand decreases slightly. Which of the following will happen? Equilibrium price will fall and equilibrium quantity will rise. Equilibrium price will rise and equilibrium quantity will fall. O Equilibrium price will rise and equilibrium quantity will rise. Neither equilibrium price nor equilibrium quantity will change.

Jun 09, 2022
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