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Assuming That the Demand for a Good Has Increased and the Supply

Question 172

Multiple Choice

Assuming that the demand for a good has increased and the supply of a good has decreased by the same amount, then:


A) ​The change in price is determinate but the change in quantity is indeterminate.
B) ​The change in quantity is determinate but the change in price is indeterminate.
C) ​Both the change in price and the change in quantity will be indeterminate.
D) ​Neither the change in price nor the change in quantity will be indeterminate.

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