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Figure 4-4 -An Increase in Demand Will Have What Effect on Equilibrium

Question 274

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Figure 4-4 Figure 4-4 -An increase in demand will have what effect on equilibrium price and quantity? A) Price will increase; quantity will decrease. B) Price will decrease; quantity will increase. C) Both price and quantity will increase. D) Both price and quantity will decrease.
-An increase in demand will have what effect on equilibrium price and quantity?


A) Price will increase; quantity will decrease.
B) Price will decrease; quantity will increase.
C) Both price and quantity will increase.
D) Both price and quantity will decrease.

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