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Kyuubi Kyuubi
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7 years ago
The demand and supply equations are given as QD = 32 - 3P and QS = −12 + 8P.  If demand increases by 11 units:
A) the new equilibrium price will be 28 and the new equilibrium quantity will be 5
B) the new equilibrium price will be 5 and the new equilibrium quantity will be 28
C) the new equilibrium price will be lower than the initial equilibrium price
D) the new equilibrium quantity will be lower than the initial equilibrium quantity
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Microeconomics

Microeconomics


Edition: 2nd
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#1
7 years ago
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