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An Increase in the Equilibrium Price and Quantity in a Market

Question 118

Multiple Choice

An increase in the equilibrium price and quantity in a market would be caused by:


A) a decrease in the number of sellers in the market.
B) an increase in the number of buyers in the market.
C) a decrease in the popularity of the product sold in the market.
D) an increase in the cost of producing the product sold in the market.

Correct Answer:

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