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Commerce · Q427

Economics

Graduate and Post Graduate · Commerce · question 427

Q427

An increase in demand combined with no changes in the supply curve will cause

A.
A decrease in demand because the supply curve does not shift
B.
The equilibrium price to fall
C.
A movement rightward along the demand curve
D.
The equilibrium price to rise
Answer

Answer: Option D

Solution

Answer: Option D
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