Question
When demand decreases and the (upward sloping) supply curve remains in the same position,
Part 2
A.
price rises and equilibrium quantity rises.
B.
price rises and equilibrium quantity falls.
C.
price falls and equilibrium quantity falls.
D.
price falls and equilibrium quantity rises.
Part 2
A.
price rises and equilibrium quantity rises.
B.
price rises and equilibrium quantity falls.
C.
price falls and equilibrium quantity falls.
D.
price falls and equilibrium quantity rises.
Answers
GPT 3.5
C. price falls and equilibrium quantity falls.
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