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Using the Supply and Demand Curves to Find Equilibrium
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Using the Supply and Demand Curves to Find Equilibrium
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3. The Market Forces of Supply and Demand / Using the Supply and Demand Curves to Find Equilibrium / Problem 7
Problem 7
When both supply and demand curves shift to the right, what can be said about the equilibrium quantity?
A
Equilibrium quantity will increase.
B
Equilibrium quantity will remain unchanged.
C
Equilibrium quantity is ambiguous.
D
Equilibrium quantity will decrease.
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