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Suppose That the Equilibrium Price of T-Shirts Increases and the Equilibrium

Question 84

Multiple Choice

Suppose that the equilibrium price of T-shirts increases and the equilibrium quantity falls. 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) A decrease in demand with supply constant.

Correct Answer:

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