Answers 26-27 Small Business Entrepreneurship A EquilibriumQuestion 3

3

QuizMultiple Choice

Equilibrium

Question 3 • 26-27 Small Business Entrepreneurship A

There will be a higher equilibrium price and lower quantity if _____.

Answer

A

supply increases and demand decreases

B

demand increases and supply stays the same

C

supply decreases and demand stays the same

D

supply decreases and demand increases

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