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Suppose Caviar Sales Soars at the Same Time Price Increases

Question 73

Multiple Choice

Suppose caviar sales soars at the same time price increases. What would lead to both a higher quantity sold and higher price of caviar?


A) A shift in demand to the right and a larger shift in supply to the right.
B) A shift in demand to the left and a smaller shift in supply to the left.
C) A shift in demand to the right and a shift in supply to the left.
D) A shift in demand to the left and a smaller shift in supply to the right.

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