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An increase in __________ while holding demand constant results in a decrease in equilibrium price but an increase in equilibrium quantity.

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Sonia Dhawan
Sonia DhawanLv10
21 Sep 2020

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Related questions

Which of the following reflects an increase in demand while holding supply constant?
 

a) An increase in equilibrium quantity and a decrease in equilibrium price

b) An increase in equilibrium price and a decrease in equilibrium quantity

c) An increase in both equilibrium price and quantity

d) A decrease in both equilibrium price and quantity.

  •  
 
Which of the following are effects of an increase in demand while holding supply constant?
 
a) An increase in equilibrium quantity and a decrease in equilibrium price
b) An increase in equilibrium price and a decrease in equilibrium quantity
c) An increase in both equilibrium price and quantity
d) A decrease in both the equilibrium price and quantity.
A decrease in supply while holding demand constant results in a(n)________ in equilibrium price, but a(n)_____in equilibrium quantity.

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