In the situation of market equilibrium:

a) market demand = market supply.

b) market demand > market supply.

c) market demand < market supply.

d) none of these.

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a. What happens to Market Equilibrium Quantity (MEQ) if there is an increase in Demand?

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c. What happens to Market Equilibrium Quantity (MEQ) after there has been an increase in Supply followed by a decrease in Demand which is followed by another increase in Supply?