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Evaluate the most likely impact of a market shortage on the market equilibrium price and quantity demanded: X a. The equilibrium price will increase, and
Evaluate the most likely impact of a market shortage on the market equilibrium price and quantity demanded: X a. The equilibrium price will increase, and the quantity demanded will remain constant. b. The equilibrium quantity will decrease, but the price will remain constant. c. Both the equilibrium price and quantity will remain constant. O d. The equilibrium price will increase, but the quantity demanded will decrease
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