drewb6526 drewb6526

02-01-2023
Business

Answered

Refer to Exhibit 3-5. In the market shown, if equilibrium was originally at point W and is now at point X, the new equilibrium price is it was originally and the new equilibrium quantity is __ it was originally.
a. less than; greater than
b. greater than; less than
c. greater than; greater than
d. less than; less than

Answer :

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