MCQOPTIONS
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| 1. |
_ A rise in supply and demand in equal proportion will result in$? |
| A. | Increase in equilibrium price and equilibrium quantity |
| B. | Decrease in equilibrium price and increase in equilibrium quantity |
| C. | No change in equilibrium price and increase in equilibrium quantity |
| D. | Increase in equilibrium price and no change in equilibrium quantity |
| Answer» D. Increase in equilibrium price and no change in equilibrium quantity | |