shawnharris2593 shawnharris2593

02-06-2023
Business

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What will happen to the equilibrium price and quantity of widgets if the supply of widgets decreases and the demand for widgets decreases at the same time? a. Equilibrium quantity will decrease but the change in equilibrium price cannot be determined from the information given b. Equilibrium price will increase but the change in equilibrium quantity cannot be determined from the information given c. Both equilibrium price and quantity will increase d. Equilibrium price will decrease and equilibrium quantity will increase

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