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Which of the following is most likely to occur if a competitive market has moved from one equilibrium to another? (2 points) O An increase

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Which of the following is most likely to occur if a competitive market has moved from one equilibrium to another? (2 points) O An increase in demand lowers the equilibrium price and increases the equilibrium quantity. 0 An increase in supply lowers the equilibrium price and increases the equilibrium quantity. 0 A decrease in demand and increase in supply will cause equilibrium price to increase but make equilibrium quantity indeterminate 0 An increase in demand will decrease equilibrium price, quantity, and producer surplus. 0 An increase in supply increases the equilibrium price and quantity and lowers producer surplus

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