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Imagine there is a sudden surge in consumer interest for eco-friendly reusable water bottles, leading to an increase in demand. Assuming there is no change
Imagine there is a sudden surge in consumer interest for eco-friendly reusable water bottles, leading to an increase in demand. Assuming there is no change in the supply of these bottles, what will happen as the market adjusts to this new equilibrium? Group of answer choices Excess demand will lead to a price increase. Excess supply will lead to a price decrease. Excess supply will lead to a price increase. Excess demand will lead to a price decrease
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