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Which of the following events would correctly describe the outcome in a competitive market? a An increase in supply, ceteris paribus, causes an increase in

Which of the following events would correctly describe the outcome in a competitive market?

a An increase in supply, ceteris paribus, causes an increase in equilibrium price and quantity.
b An increase in demand, ceteris paribus, causes a decrease in equilibrium price and quantity.
c An increase in demand, ceteris paribus, causes an increase in equilibrium price and quantity.
d An increase in supply, ceteris paribus, causes an increase in equilibrium price and a decrease in equilibrium quantity.
e A decrease in demand, ceteris paribus, causes an increase in equilibrium price but an indeterminate change in equilibrium quantity.

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