Question: Suppose there is a simultaneous increase in demand and decrease in supply, what effect will this have on the equilibrium price? Suppose there is a

Suppose there is a simultaneous increase in demand and decrease in supply, what effect will this have on the equilibrium price?

Suppose there is a simultaneous increase in demand and decrease in supply, what effect will this have on the equilibrium price? Multiple Choice It will rise. It will fall. It may rise or fall. 000 It will remain the same

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