ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Question
Refer to the figure above. Assume the market is originally at point W. Movement to point Y is a combination of:
A. an increase in quantity supplied and an increase in demand .
B. an increase in supply and an increase in demand.
C. an increase in supply and an increase in quantity demanded.
D. a decrease in supply and an increase in quantity demanded.
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