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3. Supply and Demand
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Problem 15
3. Supply and Demand
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3. Supply and Demand / Supply and Demand Together: One-sided Shifts / Problem 13
Problem 13
In a graph where both demand and supply curves shift right, what can be inferred about the new equilibrium price and quantity?
A
Equilibrium price and quantity both decrease.
B
Equilibrium price and quantity both increase.
C
Equilibrium price decreases, equilibrium quantity increases.
D
Equilibrium price is indeterminate, but equilibrium quantity increases.
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