When decrease in demand is more than decrease in supply, then both equilibrium price and quantity will ________.

remain unchanged

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increase

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decrease

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be zero

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Solution

The correct option is C decrease
When decrease in demand is more than the decrease in supply both the price and quantity will decreases. The decrease is quantity is relatively more than the decrease in price.

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When decrease in demand is more than decrease in supply, then both equilibrium price and quantity will ________.

The correct option is C decreaseWhen decrease in demand is more than the decrease in supply both the price and quantity will decreases. The decrease is quantity is relatively more than the decrease in price.

The correct option is C decrease
When decrease in demand is more than the decrease in supply both the price and quantity will decreases. The decrease is quantity is relatively more than the decrease in price.