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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 (A) of X; and (3) the equilibrium quantity (Q) of X Consumer expectations that the price of X will fall soon will Multiple Choice O decrease D, decrease P, and decrease Q. O decrease D, Increase P. and decrease Q. decrease D, decrease P, and Increase Q O decrease S, decrease P, and increase Q. O shift D right with no change in P and
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