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15 April, 02:30

How would the equilibrium price in a market be affected if there were a small increase in demand and a large increase in supply ? A. The equilibrium price decreases. B. The equilibrium price increases. C. The equilibrium price would remain the same. D. More information is needed. It may increase, decrease, or remain the same.

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  1. 15 April, 02:33
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    A. The equilibrium price decreases

    Explanation:

    When demand increase, the price rises along the quantity

    When suplpy increase, the price decreases and the quantity increases

    As both events generated a higher amount of quantities that increase is for sure.

    Now, as the supply increase is bigger than demand curve increase, it will most probably offset the price increase from demand and most probably make the price decrease
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