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    Principles of Economics Study Set 8
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    Exam 4: The Market Forces of Supply and Demand
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    If the Demand for a Product Increases, Then We Would
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If the Demand for a Product Increases, Then We Would

Question 45

Question 45

Multiple Choice

If the demand for a product increases, then we would expect equilibrium price


A) to increase and equilibrium quantity to decrease.
B) to decrease and equilibrium quantity to increase.
C) and equilibrium quantity both to increase.
D) and equilibrium quantity both to decrease.

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