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Question
When the demand curve shifts to the right and the supply curve is held constant,
a. the equilibrium price and quantity decrease.
b. the equilibrium price increases and the equilibrium quantity decreases.
c. the equilibrium price decreases and the equilibrium quantity increases.
d. the equilibrium price and quantity increase.
e. one can see a movement along the demand curve.
Answer
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Related questions
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Suppose Solomon lives in a community with no price controls. What do you expect will happen if his town borders a community where there is a binding price ceiling on most products?
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