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Suppose there is an increase in demand in a market where the supply curve slopes upwards and the demand curve slopes downwards. Which of the
Suppose there is an increase in demand in a market where the supply curve slopes upwards and the demand curve slopes downwards. Which of the following mightnotoccur?
a)An excess supply.b)A fall in price.
c)A rise in the quantity traded.
d)A fall in the equilibrium level of expenditure.
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