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Suppose Improvements in Technology Cause the Supply of Natural Gas

Question 137

Multiple Choice

Suppose improvements in technology cause the supply of natural gas to increase and at the same time the demand for natural gas increases. What are we sure of?


A) Both equilibrium price and quantity increase.
B) Equilibrium price decreases.
C) Equilibrium price increases.
D) Equilibrium quantity decreases.
E) Equilibrium quantity increases.

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