Question: This question has multiple answers. Select all that apply. A decrease in the number of buyers in the market and a decrease in resource prices

This question has multiple answers. Select all that apply.

A decrease in the number of buyers in the market and a decrease in resource prices at the same time. There are no other changes.

Decrease in demand

Increase in demand

Decrease in equilibrium price

Increase in equilibrium quantity

Increase in supply

Increase in equilibrium price

Decrease in equilibrium quantity

Decrease in supply

Following elasticity is always positive:

A) price elasticity of demand

B)Income elasticity of demand

C)Price elasticity of supply

D)Cross-price elasticity of demand

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