Business
Business, 14.12.2020 14:00, kevinh2683

Assume the supply of bananas decreases due to rising costs of production, while demand increases due to consumer preferences. What
will happen to the new equilibrium price and quantity?
A) price increases; quantity increases
B) price increases; quantity is unknown
C)price decreases; quantity decreases
D)price decreases; quantity increases
E)price is unknown; quantity increases

answer
Answers: 3

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Assume the supply of bananas decreases due to rising costs of production, while demand increases du...

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