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If the Price of Pagers Rose After Simultaneous Decreases in Supply

Question 135

Multiple Choice

If the price of pagers rose after simultaneous decreases in supply and demand for pager services, what could we conclude?


A) The supply and demand curves shifted to the right.
B) The supply and demand curves shifted by the same amount.
C) The demand curve for pagers shifted more than the supply curve.
D) The supply curve for pagers shifted more than the demand curve.

Correct Answer:

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