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If Supply Is Upward Sloping,an Increase in Demand,all Other Things

question 30

Multiple Choice

If supply is upward sloping,an increase in demand,all other things unchanged,will result in a(n) _____ in equilibrium price and a(n) _____ in equilibrium quantity.


Definitions:

\(n + 7\)

An algebraic expression representing the sum of an unknown quantity \(n\) and the number 7.

\(n + 8\)

An algebraic expression representing the sum of a variable n and the number 8.

\(n !\)

\(n !\), pronounced n factorial, is the product of all positive integers less than or equal to n. For instance, \(4! = 4 \times 3 \times 2 \times 1 = 24\).

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