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Author Question: Let D = demand, S = supply, P = equilibrium price, and Q = equilibrium quantity. What happens in the ... (Read 128 times)

newyorker26

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Let D = demand, S = supply, P = equilibrium price, and Q = equilibrium quantity. What happens in the market for tropical hardwood trees if the governments restrict the amount of forest lands that can be logged?


S decreases, D no change, P increases, Q decreases


D decreases, S no change, P and Q decrease


D no change, S decreases, P increases, Q increases


D and S decrease, P and Q increase



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Marked as best answer by newyorker26 on Oct 5, 2019

soda0602

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Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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