When demand increases and supply decreases, the equilibrium price rises but the change in the equilibrium quantity

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■ When demand increases and supply decreases, the equilibrium price rises but the change in the equilibrium quantity is ambiguous.

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Essentials Of Economics

ISBN: 9781429218290

2nd Edition

Authors: Paul Krugman, Robin Wells, Kathryn Graddy

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Question Posted: Oct 03, 2024 03:01 AM

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When demand increases and supply decreases, the equilibrium price rises but the change in the equilibrium quantity is ambiguous.
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When demand increases and supply decreases, the equilibrium price rises but the change in the equilibrium quantity

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Essentials Of Economics

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