2010
Economics
67e856d33cf20db308447ec1
Which of the following statement is correct?
A.
if demand increase and supply decrease equilibrium price will fall
B.
if supply increase and demand decrease, equilibrium price will fall
C.
It demand decrease and supply increase increases, equilibrium price will rise
D.
If supply declines and demand remain constant, equilibrium price will fall.
Correct Answer: if supply increase and demand decrease, equilibrium price will fall
Explanation
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