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If Demand Is Downward Sloping,an Increase in Supply with No

Question 3

Multiple Choice

If demand is downward sloping,an increase in supply with no change in demand will lead to a(n) _____ in equilibrium quantity and a(n) _____ in equilibrium price.


A) increase;increase
B) increase;decrease
C) decrease;increase
D) decrease;decrease

Correct Answer:

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