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29 July, 19:46

What would cause an increase in the equilibrium price of a good?

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  1. 29 July, 19:51
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    Demand and supply

    Explanation:

    Demand and supply are the two factors which effect the equilibrium of price. If demand increases and the supplies remains constant the price will increase. On the other hand when demand decrease and the supplies remains constant the price will fall. So these two factors effect the Equilibrium price of a good.
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