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Homework answers / question archive / In which of the following cases must price always fall? (Select all that apply
In which of the following cases must price always fall? (Select all that apply.)
a. Demand decreases and supply increases.
b. Supply increases and demand remains constant.
c. Demand decreases and supply decreases.
d. Demand increases and supply increases.
The correct option is:
c. Demand decreases and supply decreases.
With fall in both the demand and supply, the prices would fall.
