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If the Price of a Good Increased

Question 8

Multiple Choice

If the price of a good increased,


A) It would also increase the quantity exchanged if it was caused by an increase in demand.
B) It would also decrease the quantity exchanged if it was caused by an increase in supply.
C) ​We would not know how quantity would change if we didn't know whether it was due a change in demand or a change in supply.
D) ​All of the above would be true.

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