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    Modern Principles Microeconomics
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    Exam 4: Equilibrium
  5. Question
    If Supply Increases, Ceteris Paribus, Market Price Will Be ______
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If Supply Increases, Ceteris Paribus, Market Price Will Be ______

Question 236

Question 236

Multiple Choice

If supply increases, ceteris paribus, market price will be ______ at the new equilibrium point.


A) higher
B) lower
C) the same
D) either higher or lower

Correct Answer:

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