Assume both the demand and the supply of beef decrease. Which of the following outcomes is certain to occur?

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Assume both the demand and the supply of beef decrease. Which of the following outcomes is certain to occur?

A.The equilibrium quantity of beef will fall.

B.The equilibrium price of beef will rise.

C.The equilibrium quantity of beef will rise.

D.The equilibrium price of beef will fall.

正确答案:The equilibrium quantity of beef will fall.

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