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Video: Effect of shocks on the market This question is based on the video Effect of shocks on the market. If you have not previously

Video: Effect of shocks on the market This question is based on the video Effect of shocks on the market. If you have not previously viewed this video please do so by clicking the link. Suppose the demand for corn increases while at the same time the supply of corn also increases. As a result, the equilibrium price of corn __________ and the equilibrium quantity of corn __________. ANSWER Unselected rises; increases Unselected rises; might increase, decrease, or not change Unselected falls; increases Unselected might rise, fall, or not change; increases Unselected might rise, fall, or not change; might increase, decrease, or not change

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