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    Business
  3. Study Set
    Managerial Economics
  4. Exam
    Exam 2: Market Forces: Demand and Supply
  5. Question
    Suppose Both Supply and Demand Increase
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Suppose Both Supply and Demand Increase

Question 58

Question 58

Multiple Choice

Suppose both supply and demand increase.What effect will this have on the equilibrium price?


A) it will fall.
B) it will rise.
C) it may rise or fall.
D) it will remain the same.

Correct Answer:

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