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Question
When demand curve shifts rightward, and supply curve leftward, the equilibrium quantity _________.
When demand curve shifts rightward, and supply curve leftward, the equilibrium quantity _________.
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Solution
The correct option is C all of the above
When demand curve shifts rightward and supply curve leftward, the equilibrium quantity may increase, decrease or remain same, depending on the magnitude of shift in the two curves.
When demand curve shifts rightward and supply curve leftward, the equilibrium quantity may increase, decrease or remain same, depending on the magnitude of shift in the two curves.
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