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Infinitez Infinitez
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A year ago
Assume that the supply curve for a commodity shifts to the left and the demand curve shifts to the right, and the shift in demand is greater than the shift in supply. Then in comparison to the initial equilibrium, the new equilibrium will be characterized by a ________.

▸ higher price and quantity

▸ lower price and quantity

▸ lower price and a higher quantity

▸ higher price and a lower quantity
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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ordinarykathyordinarykathy
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A year ago
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Infinitez Author
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A year ago
Smart ... Thanks!
annakc
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Yesterday
Just got PERFECT on my quiz
my life
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2 hours ago
Brilliant ツ
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