Question: A decrease in demand coupled with a decrease in supply results in a(n) A. ambiguous effect of equilibrium price and a decrease in equilibrium quantity

A decrease in demand coupled with a decrease in supply results in a(n)

  • A. ambiguous effect of equilibrium price and a decrease in equilibrium quantity
  • B. decrease in equilibrium price and a decrease in equilibrium quantity
  • C. increase in equilibrium price and a increase in equilibrium quantity
  • D. ambiguous effect on equilibrium price and a increase in equilibrium quantity
  • E. increase in equilibrium price and a decrease in equilibrium quantity

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