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"if both supply and demand decrease" simultaneously, the new equilibrium price is ___________ and the new equilibrium quantity is _________________.

"if both supply and demand decrease" simultaneously, the new equilibrium price is ___________ and the new equilibrium quantity is _________________.
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"if both supply and demand decrease" simultaneously, the new equilibrium price is ___________ and the new equilibrium quantity is _________________.

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User Sliq
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1 Answer

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The new equilibrium price is higher and the new equilibrium quantity is higher
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User Navin Gelot
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