Assuming that the demand and supply of a good have moved in the same direction, and by the same amount, the new equilibrium would represent:
A) an increase in price and an increase in quantity exchanged.
B) no change in price and an increase in quantity exchanged.
C) a decrease in price and a decrease in quantity exchanged.
D) no change in price and a decrease in quantity exchanged.
E) no change in price, and an indeterminate change in quantity exchanged.
Correct Answer:
Verified
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