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sgy_89 sgy_89
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7 years ago
When there is an increase in demand, this creates
A) a temporary surplus at the old price, and competition between suppliers tends to bid price down to the new equilibrium level.
B) a temporary shortage at the old price, and competition between suppliers tends to bid price up to the new equilibrium level.
C) a temporary surplus at the old price, and competition between consumers tends to bid price up to the new equilibrium level.
D) a temporary shortage at the old price, and competition between consumers tends to bid price up to the new equilibrium level.
Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
Author:
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VilaVila
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7 years ago
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sgy_89 Author
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7 years ago
This calls for a celebration Person Raising Both Hands in Celebration
Tim0301
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Yesterday
Good timing, thanks!
MLynneMcMillan
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2 hours ago
You make an excellent tutor!
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