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Given a Positively Sloped Supply Curve,when Market Demand Increases

Question 72

Multiple Choice

Given a positively sloped supply curve,when market demand increases,


A) the new equilibrium will have a lower price and a greater quantity.
B) the new equilibrium will have a lower price and a smaller quantity.
C) the new equilibrium will have a higher price and a smaller quantity.
D) the new equilibrium will have a higher price and a larger quantity.
E) the new equilibrium will have the same price and larger quantity.

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