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Consider the Market for Portable Air Conditioners in Equilibrium

Question 124

Multiple Choice

Consider the market for portable air conditioners in equilibrium.A summer of unseasonably cool weather would cause


A) both the equilibrium price and quantity to decrease.
B) both the equilibrium price and quantity to increase.
C) the equilibrium price to increase and the equilibrium quantity to decrease.
D) the equilibrium price to decrease and the equilibrium quantity to increase.

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