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Business, 21.01.2020 22:31 morganmsaylor3056

An increase in demand causes a:
a) temporary surplus at the old equilibrium price and a lower equilibrium price and quantity.
b) temporary shortage at the old equilibrium price, a higher new equilibrium price, and a lower new equilibrium quantity.
c) permanent shortage, leaving the equilibrium price and quantity unchanged.
d) temporary shortage at the old equilibrium price and a higher new equilibrium price and quantity.

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An increase in demand causes a:
a) temporary surplus at the old equilibrium price and a lower...
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