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Microeconomics 9th Edition by Stephen Slavin
Edition 9ISBN: 9780077426767Microeconomics 9th Edition by Stephen Slavin
Edition 9ISBN: 9780077426767 Exercise 33
If the price system is allowed to function without interference and a shortage occurs, quantity demanded will _____. and quantity supplied will _____. as the price rises to its equilibrium level.
A) rise, rise
B) fall, fall
C) rise, fall
D) fall, rise
A) rise, rise
B) fall, fall
C) rise, fall
D) fall, rise
Explanation
Verified
Verified
Quantity supplied refers to the amount o...
Microeconomics 9th Edition by Stephen Slavin
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