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Assuming Conventional Supply and Demand Curves, Changes in the Determinants

Question 239

Multiple Choice

Assuming conventional supply and demand curves, changes in the determinants of supply and demand will:


A) in all likelihood alter both equilibrium price and quantity.
B) alter equilibrium quantity, but not equilibrium price.
C) alter equilibrium price, but not equilibrium quantity.
D) have no effect upon equilibrium price or quantity.

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