Question

Decrease in the number of consumers causes:

a) Equilibrium price to rise

b) Equilibrium price to fall

c) No change in equilibrium price

d) None of these

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Answer 1

Answer:

its a and b

Explanation:

decrease, resulting in a surplus which will be eliminated as price rises.

decrease,resulting in a surplus which will be eliminated as price falls.

Answer 2

$options \: \: (c)$