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In the Market for Natural Gas, a Particularly Mild Winter

Question 121

Multiple Choice

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) ​a decrease in the demand and a decrease in both equilibrium price and quantity.

Correct Answer:

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