If a Market Is in Equilibrium and Demand Increases While

question 119

Multiple Choice

If a market is in equilibrium and demand increases while supply decreases, the change in the equilibrium price is ________ and the change in the equilibrium quantity is _________.

• A)positive; positive
• B)positive; negative
• C)positive; indeterminate
• D)indeterminate; positive

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Definitions:

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