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  3. Study Set
    Macroeconomics Principles Applications
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    Exam 4: Demand, Supply, and Market Equilibrium
  5. Question
    Explain What Would Happen to the Equilibrium Price and Quantity
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Explain What Would Happen to the Equilibrium Price and Quantity

Question 54

Question 54

Essay

Explain what would happen to the equilibrium price and quantity of oranges if the supply of oranges increased while the demand for oranges decreased.

Correct Answer:

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Equilibrium price would decrease.Equilib...

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