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| 1. |
Suppose there is an increase in both the supply and demand for personal computers. In the market for personal computers, we would expect? |
| A. | the equilibrium quantity to rise and the equilibrium price to rise |
| B. | the equilibrium quantity to rise and the equilibrium price to fall |
| C. | the equilibrium quantity to rise and the equilibrium price to remain constant |
| D. | the change in the equilibrium quantity to be ambiguous and the equilibrium price to rise |
| E. | the equilibrium quantity to rise and the change in the equilibrium price to be ambiguous. |
| Answer» F. | |