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Home Q & A Board Other Fields Homework Help Business Economics
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whipped whipped
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6 years ago
Assume that the supply curve for a commodity shifts to the left and the demand curve shifts to the right, 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) the same 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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SudzburySudzbury
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#1
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6 years ago
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University of Kansas Alumni

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whipped Author
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6 years ago
Brilliant ツ
bkrandy
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Yesterday
Good timing, thanks!
jbag1237
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2 hours ago
Thanks for your help!!
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