laidbackkiddo5145 laidbackkiddo5145

05-06-2023
Business

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Assume the demand curve for iPhones slopes downwards, and the supply curve slopes upwards. If the supply of iPhones decreases, then:
A) the equilibrium price of iPhones will fall
B) the equilibrium price of iPhones will rise
C) the equilibrium price of iPhones will stay the same
D) None of the above are correct

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