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Author Question: Suppose a market were currently at equilibrium. A rightward shift of the supply curve would cause ... (Read 103 times)

dalyningkenk

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on: Jul 1, 2018
Suppose a market were currently at equilibrium. A rightward shift of the supply curve would cause a(n)
 
  A) increase in price but a decrease in quantity.
  B) decrease in price but an increase in quantity.
  C) increase in both price and quantity.
  D) decrease in both price and quantity.

Question 2

Suppose a market were currently at equilibrium. A rightward shift of the demand curve would cause
 
  A) an increase in price but a decrease in quantity.
  B) a decrease in price but an increase in quantity.
  C) an increase in both price and quantity.
  D) a decrease in both price and quantity.
Microeconomics ¦ Perloff ¦ 8th Edition
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jaykayy05

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Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

C


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dalyningkenk

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Reply #2 on: Jul 1, 2018
Thank you :)


jaykayy05

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Reply #3 on: Jul 1, 2018
Happy to help you


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