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When the Demand for Good a Increases

Question 172

Multiple Choice

When the demand for good A increases,


A) the equilibrium price and equilibrium quantity will decrease.
B) the equilibrium price will decrease, but the equilibrium quantity will increase.
C) a surplus will result.
D) the equilibrium price will rise, but the equilibrium quantity will decrease.
E) the equilibrium price and equilibrium quantity will increase.

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