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Author Question: In the short run, an increase in market demand will usually lead to a(n) a. decrease in price and ... (Read 64 times)

gonzo233

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on: Jul 1, 2018
In the short run, an increase in market demand will usually lead to a(n)
 a. decrease in price and an increase in quantity.
  b. decrease in price and a decrease in quantity.
  c. increase in price and an increase in quantity.
  d. increase in price and a decrease in quantity.

Question 2

The short-run market supply curve is
 a. the horizontal summation of each firm's short-run supply curve.
  b. the vertical summation of each firm's short-run supply curve.
  c. the horizontal summation of each firm's short-run average cost curve.
  d. the vertical summation of each firm's short-run average cost curve.


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fffftttt

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

c

Answer to Question 2

a


gonzo233

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

helenmarkerine

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Reply 3 on: Yesterday
:D TYSM

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