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Question 15

Multiple Choice

-Refer to the above graph to answer this question.If the demand were to increase by 500 units and the supply were to increase by 200 units,what would be the resulting equilibrium price and quantity? A) $60 and 1,300. B) $70 and 900. C) $70 and 1,300. D) $80 and 900. E) $70 and 1,000.
-Refer to the above graph to answer this question.If the demand were to increase by 500 units and the supply were to increase by 200 units,what would be the resulting equilibrium price and quantity?


A) $60 and 1,300.
B) $70 and 900.
C) $70 and 1,300.
D) $80 and 900.
E) $70 and 1,000.

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