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For a Given Upward-Sloping Supply Curve,an Increase in Demand for Chocolate

Question 81

Multiple Choice

For a given upward-sloping supply curve,an increase in demand for chocolate chips will result in a:


A) higher equilibrium price and a lower equilibrium quantity.
B) lower equilibrium price and a lower equilibrium quantity.
C) lower equilibrium price and a higher equilibrium quantity.
D) higher equilibrium price and a higher equilibrium quantity.
E) decrease in the quantity supplied of chocolate chips.

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