Which of the following will result in a decrease in the equilibrium quantity of a good? (a) An increase in both demand and supply. (b) A decrease in both demand and supply. (c) An increase in demand together with a decrease in supply. (d) A decrease in demand together with an increase in supply.
Which of the following will result in a decrease in the equilibrium quantity of a good? (a) An increase in both demand and supply. (b) A decrease in both demand and supply. (c) An increase in demand together with a decrease in supply. (d) A decrease in demand together with an increase in supply.
Chapter3: Supply And Demand: Theory
Section3.3: The Market: Putting Supply And Demand Together
Problem 3ST
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Q.1.10 Which of the following will result in a decrease in the
good?
(a) An increase in both
(b) A decrease in both demand and supply.
(c) An increase in demand together with a decrease in supply.
(d) A decrease in demand together with an increase in supply.
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