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If a Market Is in Equilibrium and Then Demand Increases

Question 146

Multiple Choice

If a market is in equilibrium and then demand increases while supply decreases,the change in the equilibrium price is ________ and the change in the equilibrium quantity is _________.


A) positive;positive
B) positive;negative
C) positive;indeterminate
D) indeterminate;positive
E) negative;negative

Correct Answer:

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