Q:-Assume that consumer’s income and the number of sellers in the market for good X both falls. Based on this information, we can conclude with certainty that the equilibrium:
a) Price will decrease.
b) Price will increase.
c) Quantity will increase.
d) Quantity will decrease.
Answers
Answered by
6
Answer:
Option (d) Quantity will decrease
Answered by
1
Answer:
a) Price will decrease.
b) Price will increase.
c) Quantity will increase.
d) Quantity will decrease✓[
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