When both demand and supply decrease, the equilibrium quantity falls but the change in equilibrium price is ambiguous.

True

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False

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Solution

The correct option is A
True

True. When both demand and supply decrease, the equilibrium quantity falls but the change in equilibrium price is ambiguous.

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When both demand and supply decrease, the equilibrium quantity falls but the change in equilibrium price is ambiguous.

The correct option is A True True. When both demand and supply decrease, the equilibrium quantity falls but the change in equilibrium price is ambiguous.

The correct option is A
True

True. When both demand and supply decrease, the equilibrium quantity falls but the change in equilibrium price is ambiguous.