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Answered

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If the number of consumers in the market for good A decreases, what will happen to the equilibrium price and quantity of good A?
a. The equilibrium price and quantity will both decrease.
b. The equilibrium price and quantity will both increase.
c. The equilibrium price will increase and equilibrium quantity will decrease.
d. The equilibrium price will decrease and equilibrium quantity will increase.

Sagot :

fakelaughingol

Answer:

A, The equilibrium price and quantity will both decrease.

Explanation:

The less consumers the lower the equilibrium price and quantity goes.

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