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When the Demand for Good a Increases

Question 79

Multiple Choice

When the demand for good A increases,


A) the equilibrium price and equilibrium quantity will increase.
B) the equilibrium price will rise,but the equilibrium quantity will decrease.
C) the equilibrium price and equilibrium quantity will decrease.
D) the equilibrium price will decrease,but the equilibrium quantity will increase.
E) a surplus will result.

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