8. An increase in demand &a. shifts the demand curve to the left. &b.causes an increase in...
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8. An increase in demand
&a. shifts the demand curve to the left.
&b.causes an increase in equilibrium price.
&c. causes a decrease in equilibrium price.
&d.causes a decrease in equilibrium quantity.
&e. does not affect equilibrium quantity.
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Related Book For
Fundamentals Of Economics
ISBN: 9781133956105,9781285531847
6th Edition
Authors: William Boyes, Michael Melvin
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