Question: Without more information, the supply and demand model cannot predict the effect on price of: 1a simultaneous increase in demand and decrease in supply. 2a

Without more information, the supply and demand model cannot predict the effect on price of:

1a simultaneous increase in demand and decrease in supply.

2a simultaneous decrease in quantity demanded and increase in quantity supplied.

3a simultaneous decrease in demand and increase in supply.

4a simultaneous increase in demand and increase in supply.

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