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Microeconomics Help (ECO/465T) In the following question you are asked to determine, other things equal, the effects of a given change in a determinant of

Microeconomics Help (ECO/465T)

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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 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. An increase in the number of firms producing X will Multiple Choice O increase S, decrease P, and increase Q. O decrease S, increase P, and decrease Q. O increase S, increase P, and increase Q. O decrease S, decrease P, and increase Q. O shift S left with no change in P and

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