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Suppose That for a Given Good Demand Increases and Supply

Question 128

Multiple Choice

Suppose that for a given good demand increases and supply increases at the same time.If demand increases by a lesser amount than supply increases,then equilibrium price __________ and equilibrium quantity __________ for that good.


A) rises; falls
B) falls; falls
C) rises; rises
D) falls; rises

Correct Answer:

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