If, in the market for oranges, the supply has increased then O equilibrium price will increase and equilibrium quantity will increase. O equilibrium price will increase and equilibrium quantity will decrease. O equilibrium price will decrease and equilibrium quantity will increase. O equilibrium price will decrease and equilibrium quantity will decrease.
If, in the market for oranges, the supply has increased then O equilibrium price will increase and equilibrium quantity will increase. O equilibrium price will increase and equilibrium quantity will decrease. O equilibrium price will decrease and equilibrium quantity will increase. O equilibrium price will decrease and equilibrium quantity will decrease.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:If, in the market for oranges, the supply has increased then
O equilibrium price will increase and equilibrium quantity will increase.
O equilibrium price will increase and equilibrium quantity will decrease.
O equilibrium price will decrease and equilibrium quantity will increase.
equilibrium price will decrease and equilibrium quantity will decrease.
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