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An Increase in Price and an Indeterminate Change in Quantity

Question 9

Multiple Choice

An increase in price and an indeterminate change in quantity are consistent with a:


A) leftward shift in demand and no shift in supply.
B) leftward shift in supply and no shift in demand.
C) rightward shift in supply and a leftward shift in demand.
D) leftward shift in supply and a rightward shift in demand.

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