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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. | |