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All Else Constant,an Increase in the Number of Buyers in the Market

Question 29

Multiple Choice
All else constant,an increase in the number of buyers in the market for cell phone service would cause:

All else constant,an increase in the number of buyers in the market for cell phone service would cause:


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

Correct Answer:

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