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Under What Circumstances Will an Increase in Supply Have No

Question 74

Multiple Choice

Under what circumstances will an increase in supply have no effect on the price of a product.


A) If the demand decreases by the same amount.
B) Graphically, if the demand curve is vertical.
C) Graphically, if the demand curve is horizontal.
D) Graphically, if the supply curve is downward-sloping.

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