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Suppose the demand for calculators rose even more than the supply had increased. Which one of the following describes the changes in equilibrium price and
Suppose the demand for calculators rose even more than the supply had increased. Which one of the following describes the changes in equilibrium price and quantity that would be the net effect of the two increases? A - an increase in price but decrease in quantity B - an increase in quantity but a slight decrease in price C - decrease in both quantity and supply D - increase in both quantity and supply
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