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Which of the Following Lower the Equilibrium Price of a Canoe

Question 213

Multiple Choice

Which of the following lower the equilibrium price of a canoe?


A) an increase in the supply of canoes
B) an increase in the demand for canoes
C) an increase in the quantity of canoes supplied
D) a decrease in the supply of canoes
E) Both answers A and B are correct.

Correct Answer:

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