Demand increases while supply decreases

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If demand increases while supply decreases for a particular good, the Select one: a. quantity of the good produced and sold will increase while its equilibrium price could increase, decrease or remain constant b. equilibrium price will decrease while the quantity of the good produced and sold could increase, decrease, or remain constant c. quantity of the good produced and sold will decrease while its equilibrium price could increase, decrease, or remain constant d. equilibrium price will increase while the quantity of the good produced and sold could increase, decrease, or remain constant

Reference no: EM131101520

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