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-In the Figure Above, the Demand Curve Shifts Rightward from D0

question 244

Multiple Choice

  -In the figure above, the demand curve shifts rightward from D<sub>0</sub> to D<sub>1</sub>. There are no rent controls. In the short run, the increase in demand results in A)  higher rents and a decrease in the equilibrium quantity. B)  lower rents and a decrease in the equilibrium quantity. C)  higher rents and an increase in the equilibrium quantity. D)  lower rents and an increase in the equilibrium quantity.
-In the figure above, the demand curve shifts rightward from D0 to D1. There are no rent controls. In the short run, the increase in demand results in


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