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An Increase in Equilibrium Price and a Decrease in Equilibrium

question 52

Multiple Choice

An increase in equilibrium price and a decrease in equilibrium quantity is most likely the result of:


Definitions:

Self-Defense

The act of defending oneself, one's property, or other people from physical harm through reasonable force.

Perjury

Lying under oath or making false statements in a legal proceeding.

Under Oath

Bound by a formal promise to tell the truth in a legal proceeding or official statement.

Preponderance Of The Evidence

A standard of proof in civil cases, requiring that the evidence on one side outweighs the evidence on the other side.

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