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Supply and Demand Together: Both Shift
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Supply and Demand Together: Both Shift
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3. Supply and Demand / Supply and Demand Together: Both Shift / Problem 1
Problem 1
What happens to the equilibrium price when both supply and demand shift in the same direction?
A
Equilibrium price decreases.
B
Equilibrium price remains unchanged.
C
Equilibrium price becomes ambiguous.
D
Equilibrium price increases.
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