Question: There are simultaneous changes in the demand for and supply of global - positioning - system ( GPS ) devices, with the consequences being an
There are simultaneous changes in the demand for and supply of globalpositioningsystem GPS devices, with the consequences being an unambiguous decrease in the market clearing price of these devices but no change in the equilibrium
quantity. What changes in the demand for and supply of GPS devices could have generated these outcomes?
A Demand decreases and supply decreases.
B Demand increases and supply increases.
C Demand increases and supply decreases.
D Demand decreases and supply increases.
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