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Author Question: An increase in demand and a decrease in supply cause which of the following? a. Equilibrium price ... (Read 73 times)

asd123

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An increase in demand and a decrease in supply cause which of the following?
 a. Equilibrium price change is indeterminate.
  b. Equilibrium quantity decreases.
  c. Equilibrium price falls.
  d. Equilibrium price rises.
  e. Equilibrium quantity increases.

Question 2

An increase in both supply and demand causes which of the following?
 a. Equilibrium price falls.
  b. Equilibrium price rises.
  c. Equilibrium price change is indeterminate.
  d. Equilibrium quantity decreases.
  e. Equilibrium quantity change is indeterminate.



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mammy1697

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Answer to Question 1

d

Answer to Question 2

c




asd123

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review


olderstudent

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Reply 3 on: Yesterday
:D TYSM

 

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