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If Supply Is Upward Sloping,an Increase in Demand with No

Question 233

Multiple Choice

If supply is upward sloping,an increase in demand with no change in supply will lead to a(n) _____ in equilibrium quantity and a(n) _____ in equilibrium price.


A) increase;increase
B) increase;decrease
C) decrease;increase
D) decrease;decrease

Correct Answer:

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