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Business, 19.10.2021 09:20 S4NCHEZ28

In the following question you are asked to determine, other things equal, the effects of a given change in a determinant of demand or supply for product X upon (1) the demand (D) for, or supply (S) of, X; (2) the equilibrium price (P) of X; and (3) the equilibrium quantity (Q) of X. Consumer expectations that the price of X will fall soon will

decrease D, decrease P, and decrease Q.
decrease D, increase P, and decrease Q.
decrease D, decrease P, and increase Q.
decrease S, decrease P, and increase Q.
shift D right with no change in P and Q.

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