Regarding the law of supply and demand, which of the following statements is most likely to be true, all things being equal?
A. As supply decreases, prices will establish an equilibrium price.
B. As prices rise, demand will determine an equilibrium supply.
C. As prices decline, demand will increase.
D. An equilibrium price is reached when demand outruns supply
Regarding the law of supply and demand, the following statements is most likely to be true, all things being equal: As prices decline, demand will increase.
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