Assuming neither supply nor demand curves is horizontal in, Ask an Expert

Economics

Assuming neither supply nor demand curves is horizontal, in which of the following cases must price always fall?

1. Demand decrease, supply increase

2. Demand decrease, supply decrease

3. Demand decrease, supply increase

4. Supply increases and demand remain constant

5. Both 3 and 4

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91225011

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