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zmudasam zmudasam
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3 years ago
The following table shows the demand and supply schedules for good X.

Price (£)1234567
Quantity demanded120100806040200
Quantity supplied020406080100120
Assume that supply increases by 40 units at all prices. What will be the effect on equilibrium price?

▸ Fall by £1

▸ Rise by £2

▸ Fall by £2

▸ Rise by £1
Textbook 
Essential Economics for Business

Essential Economics for Business


Edition: 5th
Authors:
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joanametjoanamet
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3 years ago
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zmudasam Author
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3 years ago
Thank you, thank you, thank you!
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This site is awesome
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Helped a lot
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