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Refer to the Figure Below

question 60

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Refer to the figure below. Assume demand remains unchanged at D1. If supply shifts from S2 to S1, then the equilibrium price will ______ and the equilibrium quantity will ______. Refer to the figure below. Assume demand remains unchanged at D1. If supply shifts from S2 to S1, then the equilibrium price will ______ and the equilibrium quantity will ______.   A)  rise; fall B)  rise; rise C)  fall; fall D)  fall; rise


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