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Everything Else Remaining Unchanged, an Increase in the Supply of a Good

Question 21

Multiple Choice

Everything else remaining unchanged, an increase in the supply of a good will lead to:


A) a fall in price and an increase in consumption of the good.
B) an increase in the cost of production of the good.
C) an increase in the price of the good.
D) a leftward shift of the supply curve.
E) an upward movement along the supply curve.

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