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Market Equilibrium and Shifts in Demand and Supply

Question 45

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Market Equilibrium and Shifts in Demand and Supply
Market Equilibrium and Shifts in Demand and Supply -Assume that column A and column C are the initial demand and supply curves.If supply changes to column D,one can infer the new equilibrium A) price will be less than $40. B) quantity will be greater than 70 units. C) price will be greater than $50. D) quantity will be less than 60 units. E) quantity will be less than 70 units but greater than 60 units.
-Assume that column A and column C are the initial demand and supply curves.If supply changes to column D,one can infer the new equilibrium


A) price will be less than $40.
B) quantity will be greater than 70 units.
C) price will be greater than $50.
D) quantity will be less than 60 units.
E) quantity will be less than 70 units but greater than 60 units.

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