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Suppose that for a given good demand increases and supply increases at the same time. If demand ...

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Suppose that for a given good demand increases and supply increases at the same time. If demand ...

Suppose that for a given good demand increases and supply increases at the same time. If demand increases by a lesser amount than supply increases, then equilibrium price __________ and equilibrium quantity __________ for that good.

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rises; falls

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falls; falls

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rises; rises

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falls; rises

Textbook

Economics

Edition: 12^th

Author: Arnold

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