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    Principles of Economics Study Set 12
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    Exam 3: The Supply and Demand Model
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    Suppose It Is Observed in a Market That Price Has
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Suppose It Is Observed in a Market That Price Has

Question 152

Question 152

Multiple Choice

Suppose it is observed in a market that price has fallen but more product is being produced and sold. This could be caused by a(n)


A) decrease in supply and demand.
B) decrease in demand.
C) decrease in supply.
D) increase in supply.
E) increase in demand.

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