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The Market for Lemonade Is in Equilibrium and the Price

Question 215

Multiple Choice

The market for lemonade is in equilibrium and the price of lemons rises.In the lemonade market _____ will _____,_____ the price and _____ the quantity.


A) demand;decrease;decreasing;decreasing
B) demand;decrease;increasing;decreasing
C) supply;increase;decreasing;increasing
D) supply;decrease;increasing;decreasing

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