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Consider the following statement: "an increase in supply decreases the equilibrium price. the decrease in price increases demand."the statement isa. false: decreases in price affect the quantity demanded, not demandb. true: increases in supply decrease price; decreases in price increase demandc. false: increases in supply decrease priced. false: increases in supply increase price; decreases in price increase demand
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Consider the following statement: "an increase in supply decreases the equilibrium price. the decre...
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