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If supply decreases while demand increases simultaneously, the new equilibrium price is ___________ and the new equilibrium quantity is _________________. indeterminate; higher lower; indeterminate lower;
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If supply decreases while demand increases simultaneously, the new equilibrium price is ___________ and the new equilibrium quantity is _________________. indeterminate; higher lower; indeterminate lower; lower higher; indeterminate

User Fadhlan
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If supply decreases while demand increases simultaneously, the new equilibrium price is higher and the new equilibrium quantity is indeterminate.
User Karthik Subramaniyam
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