When the cost of production decreases and all other factors remain the same , then if we have a market equilibrium the price of Equilibrium will decrease and the quantity of equilibrium will increase. Select one: True False

Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter4: Markets In Action
Section: Chapter Questions
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When the cost of production decreases and all
other factors remain the same, then if we have a
market equilibrium the price of Equilibrium will
decrease and the quantity of equilibrium will
increase.
Select one:
True
False
Transcribed Image Text:When the cost of production decreases and all other factors remain the same, then if we have a market equilibrium the price of Equilibrium will decrease and the quantity of equilibrium will increase. Select one: True False
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