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Refer to the Accompanying Figure

Question 120

Multiple Choice

Refer to the accompanying figure. Assume the market is originally at point W. Movement to point Z is a combination of: Refer to the accompanying figure. Assume the market is originally at point W. Movement to point Z is a combination of:   A) an increase in demand and an increase in quantity supplied. B) an increase in supply and an increase in demand. C) an increase in supply and an increase in quantity demanded. D) a decrease in supply and an increase in quantity demanded.


A) an increase in demand and an increase in quantity supplied.
B) an increase in supply and an increase in demand.
C) an increase in supply and an increase in quantity demanded.
D) a decrease in supply and an increase in quantity demanded.

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