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Starting from a situation of equilibrium, a shift to the RIGHT cf the DEMAND curve (the supply curve does not change) will cause An increase
Starting from a situation of equilibrium, a shift to the RIGHT cf the DEMAND curve (the supply curve does not change) will cause An increase in equilibrium price and quantity A decrease in equilibrium price and an increase in equilibrium quantity An increase in equilibrium price and a decrease in equilibrium quantity A decrease in equilibrium price and quantity If the equilibrium price of a good decreases while the equilibrium quantity increases. then which scenario could have led to that (Hind: to have the answer, start from an initial equilibrium, and then draw a shift in the demand or a shift in the supply and see whether price of equilibrium decreases and quantity of equilibrium increases) 0 a. A shift of demand to the right 0 b. A shift of supply to the right O c. A shift of supply to the left 0 d. A shift af demand to the left Flag question A shift to the right of the supply curve for a good will cause O a. A decrease in equilibrium price and quantity O b. A decrease in equilibrium quantity and an increase in equilibrium price O c. An increase in equilibrium quantity and a decrease in equilibrium price O d. An increase in equilibrium price and quantity
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