Business, 07.10.2019 16:20 shelby8385
If the demand and supply curves for a commodity shift to the right by the same amount, then in comparison to the initial equilibrium, the new equilibrium will be characterized by:
a. a higher quantity and price.
b. a lower quantity and a higher price.
c. the same quantity and a lower price.
d. a higher quantity and the same price.
Answers: 3
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If the demand and supply curves for a commodity shift to the right by the same amount, then in compa...
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