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If We Observe a Fall in the Equilibrium Price of Good

Question 14

Multiple Choice

If we observe a fall in the equilibrium price of good A,we know that either the demand for A has


A) increased or the supply of A has decreased or both.
B) increased or the supply of A has increased or both.
C) decreased or the supply of A has increased or both.
D) decreased or the supply of A has decreased or both.
E) none of the above.

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