In the market for natural gas, a particularly mild winter will lead to:
A) a decrease in the demand and an increase in both equilibrium price and quantity.
B) an increase in the supply and an increase in both equilibrium price and quantity.
C) an increase in the supply, a decrease in equilibrium price, and an increase in equilibrium quantity.
D) an increase in the supply, an increase in equilibrium price, and a decrease in equilibrium quantity.
E) a decrease in the demand and a decrease in both equilibrium price and quantity.
Correct Answer:
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