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Refer to the Graph Shown

Question 72

Multiple Choice

Refer to the graph shown.Given the quantity restriction of QR, a reduction in demand will: Refer to the graph shown.Given the quantity restriction of Q<sub>R</sub>, a reduction in demand will:   A) raise equilibrium price. B) raise equilibrium quantity. C) have no impact on market price. D) lower the market price.


A) raise equilibrium price.
B) raise equilibrium quantity.
C) have no impact on market price.
D) lower the market price.

Correct Answer:

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