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18 Aug 2020
suppose there is a simultaneous increase in the demand for rice and an increase in the supply of rice. Which of the following will occur as a result of these events?
A.) The market-clearing price will fall, but the equilibrium quantity will rise
B.) The market-clearing price may rise, fall, or stay the same, but the equilibrium quantity will rise
C.) The market-clearing price will fall, but the equilibrium quantity may rise, fall, or stay the same
D.) Both the market-clearing price and equilibrium
suppose there is a simultaneous increase in the demand for rice and an increase in the supply of rice. Which of the following will occur as a result of these events?
A.) The market-clearing price will fall, but the equilibrium quantity will rise
B.) The market-clearing price may rise, fall, or stay the same, but the equilibrium quantity will rise
C.) The market-clearing price will fall, but the equilibrium quantity may rise, fall, or stay the same
D.) Both the market-clearing price and equilibrium
B.) The market-clearing price may rise, fall, or stay the same, but the equilibrium quantity will rise
C.) The market-clearing price will fall, but the equilibrium quantity may rise, fall, or stay the same
D.) Both the market-clearing price and equilibrium
5 Mar 2023
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Darryn D'SouzaLv10
12 Sep 2020
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