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Author Question: The following diagram shows the market for a particular product traded within a country and not ... (Read 75 times)

melina_rosy

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on: May 25, 2020
The following diagram shows the market for a particular product traded within a country and not imported or exported.



Assume that supply increases by 5000 tonnes per annum and that demand decreases by 5000 tonnes per annum. Which one of the following statements is TRUE?
◦ Equilibrium price falls to £4
◦ Equilibrium price rises to £6
◦ Equilibrium price rises to £7
◦ Equilibrium price falls to £3
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by melina_rosy on May 25, 2020

xoxo123

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Reply #1 on: May 25, 2020
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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melina_rosy

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Reply 2 on: May 25, 2020
YES! Correct, THANKS for helping me on my review

ktidd

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Reply 3 on: Yesterday
Excellent

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