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Suppose consumers' preference and production technology both increases at the same time. As a consequence, the equilibrium price of that good ______________________. Group of answer

Suppose consumers' preference and production technology both increases at the same time. As a consequence, the equilibrium price of that good ______________________. Group of answer choices decreases increases no change unknownSuppose at a given price quantity demanded is greater than quantity supplied. As a consequence, market will experience__________. Group of answer choices no change surplus shortage equilibrium

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