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Suppose That Demand for Tablets Increases, and Simultaneously, the Supply

Question 10

Multiple Choice

Suppose that demand for tablets increases, and simultaneously, the supply of tablets increases. Which of the following would you conclude definitely will occur in the market for tablets?


A) The market clearing price will rise.
B) The market clearing price will fall.
C) The equilibrium quantity will rise.
D) The equilibrium quantity will fall.

Correct Answer:

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