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Question
Leading economic indicators suggest that incomes will be going up next year. In response to these reports, companies are forecasting increased prices for future sales of their goods. As a result of these increases, the supply curve will
a. shift to the right, causing the equilibrium price to decrease.
b. remain the same, but the equilibrium price will increase.
c. remain the same, but the equilibrium price will decrease.
d. shift to the right, causing the equilibrium price to increase.
e. shift to the left, causing the equilibrium price to increase.
Answer
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Related questions
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