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Assume That the Demand for Apples Increased

Question 75

Multiple Choice

Assume that the demand for apples increased. The effect would be a(n)


A) increase in the equilibrium price and a decrease in the equilibrium quantity
B) increase in the equilibrium price and an increase in the equilibrium quantity
C) decrease in the equilibrium price and an increase in the equilibrium quantity
D) decrease in the equilibrium price and a decrease in the equilibrium quantity

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