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Suppose That the Equilibrium Price of Apples Falls and the Equilibrium

Question 109

Multiple Choice

Suppose that the equilibrium price of apples falls and the equilibrium quantity increases. Which of the following best fits the observed data?


A) An increase in demand with supply constant.
B) A decrease in supply with demand constant.
C) An increase in demand coupled with an increase in supply.
D) An increase in supply with demand constant.

Correct Answer:

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