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Figure: Supply and Demand 3 Which of the Following

Question 143

Multiple Choice

Figure: Supply and Demand 3 Figure: Supply and Demand 3 Which of the following statements applies to the diagram? A) An increase in supply causes an increase in quantity demanded. B) A decrease in supply causes an increase in quantity demanded. C) An increase in supply causes an increase in demand. D) A decrease in supply causes a decrease in demand. Which of the following statements applies to the diagram?


A) An increase in supply causes an increase in quantity demanded.
B) A decrease in supply causes an increase in quantity demanded.
C) An increase in supply causes an increase in demand.
D) A decrease in supply causes a decrease in demand.

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