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An Increase in the Price and an Ambiguous Change in Quantity

Question 150

Multiple Choice

An increase in the price and an ambiguous change in quantity is most likely caused by:


A) a shift to the left in demand and no shift in supply.
B) a shift to the left in supply and no shift in demand.
C) a shift to the right in supply and a shift to the left in demand.
D) a shift to the left in supply and a shift to the right in demand.

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