Multiple Choice
Consider a negatively sloped demand curve for natural gas.If the supply of natural gas increases,the new equilibrium will have
A) a lower price and a greater quantity.
B) a lower price and a smaller quantity.
C) a higher price and a smaller quantity.
D) a higher price and a larger quantity.
E) the same price and larger quantity.
Correct Answer:
Verified
Correct Answer:
Verified
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