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​Exhibit 3-11 Demand and Supply Curves

Question 265

Multiple Choice

​Exhibit 3-11 Demand and supply curves ​Exhibit 3-11 Demand and supply curves -​In Exhibit 3-11, in Panel A the movement from A to C describes a (an) : A) ​ambiguous change in price and a decrease in quantity. B) increase in price and an ambiguous change in quantity. C) ​increase in both price and quantity. D) ​decrease in both price and quantity. E) ​change in supply that dominates a change in demand.
-​In Exhibit 3-11, in Panel A the movement from A to C describes a (an) :


A) ​ambiguous change in price and a decrease in quantity.
B) increase in price and an ambiguous change in quantity.
C) ​increase in both price and quantity.
D) ​decrease in both price and quantity.
E) ​change in supply that dominates a change in demand.

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