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In the following question you are asked to determine, other things equal, the effects of a given change in a determinant of demand or supply
In the following question you are asked to determine, other things equal, the effects of a given change in a determinant of demand or supply for product X upon (1) the demand (D) for, or supply (S) of, X; (2) the equilibrium price (P) of X; and (3) the equilibrium quantity (Q) of X. Removing the subsidy placed on product X years ago will Multiple Choice O decrease S, increase P, and decrease Q O increase S, Increase P, and increase Q. O decrease S, Increase P. and increase Q O increase D, decrease P, and increase
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