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Consider a negatively sloped demand curve for natural gas. If the supply of natural gas increases, the new equilibrium will have
General Journal
A comprehensive record of financial transactions over the life of a company, listed in chronological order.
Assets
Resources owned by a company or individual that have economic value and can provide future benefits.
Debits
Accounting entries that increase assets or expenses and decrease liabilities, equity, or revenue.
Credits
Entries that increase liabilities, revenues, or equity, or decrease assets or expenses in accounting.
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