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If We Observe Both an Increase in the Price of Flour

Question 203

Multiple Choice

If we observe both an increase in the price of flour and in the number of units sold, this could be explained by:


A) ​an increase in the demand for flour.
B) ​a decrease in the demand for flour.
C) ​a decrease in the supply of flour.
D) ​an increase in the supply of flour.

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