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Suppose That Demand for Portable Power Banks Increases, and Simultaneously

Question 68

Multiple Choice

Suppose that demand for portable power banks increases, and simultaneously, the supply of portable power banks increases. Which of the following would you conclude definitely will occur in the market for portable power banks?


A) The market clearing price will rise.
B) The market clearing price will fall.
C) The equilibrium quantity will rise.
D) The equilibrium quantity will fall.

Correct Answer:

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