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If the Demand for a Product Increases and the Supply

question 62

True/False

If the demand for a product increases and the supply of the same product increases, the equilibrium price will increase.


Definitions:

Beauty

The quality or combination of qualities in a person or thing that gives pleasure to the senses or deeply satisfies the mind.

Friedrich Schiller

A German poet, philosopher, physician, and playwright known for his works on aesthetics and human freedom.

Aesthetics

The branch of philosophy concerned with beauty, especially as it appears in works of art, and with the judgments we make about the artistic value of such works.

Selfish

Concerned excessively or exclusively with oneself, seeking or concentrating on one's own advantage, pleasure, or well-being without regard for others.

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