MCQOPTIONS
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MCQOPTIONS
| 1. |
A rise in supply and demand in equal proportion will result in: |
| A. | Increase in equilibrium price and decrease in 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 | |