Mathematics, 31.03.2020 17:58 xojade
An increase in demand shifts the demand curve to the right resulting in a new equilibrium with:
a. A higher price and a lower quantity.
b. A higher price and a higher quantity.
c. A lower price and a lower quantity.
d. A lower price and a higher quantity.
Answers: 3
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An increase in demand shifts the demand curve to the right resulting in a new equilibrium with:
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