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Q. |
From the position of stable equilibrium, the market supply of a commodity decreases, while the market demand remains unchanged, then: |
A. | Equilibrium price falls |
B. | Equilibrium quantity rises |
C. | Both equilibrium price and equilibrium quantity decreases |
D. | Equilibrium price rises, but equilibrium quantity falls |
Answer» D. Equilibrium price rises, but equilibrium quantity falls |
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