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Home Q & A Board Other Fields Homework Help Business Economics
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AndrewKraus AndrewKraus
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7 years ago
Assume that the supply curve for a commodity shifts to the right and the demand curve shifts to the left, both by the same degree. Then, in comparison to the initial equilibrium, the new equilibrium will be characterized by:
A) a lower price and quantity.
B) a higher price and quantity.
C) a lower price and the same quantity.
D) a higher price and the same quantity.
Textbook 
Microeconomics

Microeconomics


Edition: 1st
Authors:
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SimplemanSimpleman
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7 years ago
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AndrewKraus Author
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#2
7 years ago
This helps with my assignment big time
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