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If the Demand and Supply Curves for a Commodity Shift

Question 150

Multiple Choice

If the demand and supply curves for a commodity shift to the right by the same amount,then in comparison to the initial equilibrium,the new equilibrium will be characterized by ________.


A) a higher quantity and price
B) a lower quantity and a higher price
C) the same quantity and a lower price
D) a higher quantity and the same price

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