Which of the following events must cause equilibrium price to rise?
A) demand increases and supply decreases
B) demand and supply both decrease
C) demand decreases and supply increases
D) demand and supply both increase
Correct Answer:
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Q1: In markets,prices move toward equilibrium because of
A)the
Q2: Which of the following events must cause
Q4: Equilibrium price must increase when demand
A)increases and
Q6: The unique point at which the supply
Q7: At the equilibrium price,the quantity of the
Q8: The dictionary defines equilibrium as a situation
Q9: Equilibrium quantity must decrease when demand
A)increases and
Q10: Which of the following events must cause
Q11: Buyers are able to buy all they
Q228: If the demand for a product increases,
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