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What will happen to the equilibrium price and quantity if there is an increase in supply and a decrease in demand?a)Price decreases, quantity decreasesb)Price decreases, quantity increasesc)Price increases, quantity decreasesd)Price increases, quantity remains the sameCorrect answer is option 'A'. Can you explain this answer? for JAMB 2025 is part of JAMB preparation. The Question and answers have been prepared according to the JAMB exam syllabus. Information about What will happen to the equilibrium price and quantity if there is an increase in supply and a decrease in demand?a)Price decreases, quantity decreasesb)Price decreases, quantity increasesc)Price increases, quantity decreasesd)Price increases, quantity remains the sameCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for JAMB 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What will happen to the equilibrium price and quantity if there is an increase in supply and a decrease in demand?a)Price decreases, quantity decreasesb)Price decreases, quantity increasesc)Price increases, quantity decreasesd)Price increases, quantity remains the sameCorrect answer is option 'A'. Can you explain this answer?.

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