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What Will Result from an Increase in Resource Costs to Firms

Question 47

Multiple Choice

What will result from an increase in resource costs to firms in a market


A) a decrease in equilibrium price and an increase in equilibrium quantity
B) a decrease in equilibrium price and a decrease in equilibrium quantity
C) an increase in equilibrium price and no change in equilibrium quantity
D) an increase in equilibrium price and an decrease in equilibrium quantity

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