CA CPT Model Test Paper 1 with solutions for online practice

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Question : 116 of 201

Marks: +1, -0

With a given supply curve, a decrease in demand causes:

An overall decrease in price but an increase in equilibrium quantity
An overall increase in price but a decrease in equilibrium quantity
No change in overall price but a reduction in equilibrium quantity
An overall decrease in price and a decrease in equilibrium quantity

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