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Assume a competitive market is in equilibrium

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Assume a competitive market is in equilibrium. Then, demand increases slower than supply decreases. As a result, what happens to the equilibrium price and quantity?

Price

A. will increase.

B. will decrease.

C. will remain the same.

D. may increase, decrease, or remain the same.

Quantity

A. will increase.

B. will decrease.

C. will remain the same.

D. may increase, decrease, or remain the same.