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Figure: Supply and Demand 2 What Happens as a Result

question 8

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Figure: Supply and Demand 2 Figure: Supply and Demand 2   What happens as a result of the change in demand in the diagram? A)  a decrease in both the equilibrium price and the equilibrium quantity B)  an increase in both the equilibrium price and the equilibrium quantity C)  an increase in the equilibrium price and a decrease in the equilibrium quantity D)  a decrease in the equilibrium price and an increase in the equilibrium quantity What happens as a result of the change in demand in the diagram?


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