If supply of cars decreases and demand for cars decreases, Ask an Expert

Economics

If supply of cars decreases and demand for cars decreases, then the equilibrium

a. price will decrease and quantity will increase

b. price will increase and quantity will decrease

c. price will increase and quantity could increase, decrease, or remain the same

d. price could increase, decrease, or remain the same and quantity will decrease

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91719339

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