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When Demand Rises and Supply Remains the Same,equilibrium Price _______

question 216

Short Answer

When demand rises and supply remains the same,equilibrium price _______ and equilibrium quantity ____________.


Definitions:

Accounts Receivable

The outstanding invoices a company has or the money the company is owed from its clients.

Voucher

A document or code that entitles the holder to a discount or that may be exchanged for goods or services.

Installments

Payments divided into smaller, manageable parts over a set period, allowing for the purchase of goods or repayment of loans.

Truth in Lending Act

A U.S. federal law designed to promote informed use of consumer credit by requiring disclosures about its terms and cost.

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