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Question 141

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Use the following to answer questions .
Exhibit: Simultaneous Shifts in Demand and Supply Use the following to answer questions . Exhibit: Simultaneous Shifts in Demand and Supply   -(Exhibit: Simultaneous Shifts in Demand and Supply)  D<sub>1</sub> and S<sub>1</sub> are original supply and demand curves, and S<sub>2</sub> and D<sub>2</sub> are new curves. In this market, following the adjustment shown: A)  both demand and supply increased. B)  price fell and quantity increased. C)  quantity had to increase, given the changes in supply and demand. D)  all of the above are true.
-(Exhibit: Simultaneous Shifts in Demand and Supply) D1 and S1 are original supply and demand curves, and S2 and D2 are new curves. In this market, following the adjustment shown:


A) both demand and supply increased.
B) price fell and quantity increased.
C) quantity had to increase, given the changes in supply and demand.
D) all of the above are true.

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