Business, 25.04.2020 04:42 tonyiacamper1

With respect to the market clearing price and the equilibrium quantity for good X, an increase in the demand for and a decrease in supply of the good definitely will:.
a. increase the market clearing price of good X but lower the equilibrium quantity of X.
b. increase the market clearing price of good X but have an uncertain impact on the equilibrium quantity of X.
c. increase the market clearing price and the equilibrium quantity of good X.
d. decrease the market clearing price and the equilibrium quantity of good

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