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D-john D-john
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5 years ago
With respect to the market clearing price and the equilibrium quantity of good B, increases in the demand for and the supply of good B will definitely

• increase the market clearing price and the equilibrium quantity of good B.

• reduce the market clearing price and the equilibrium quantity of good B.

• increase the market clearing price of good X but have an uncertain impact on the equilibrium quantity of B.

• increase the equilibrium quantity of good X but have an uncertain impact on the market clearing price of B.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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Cele_1015Cele_1015
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D-john Author
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5 years ago
Thanks
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