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QUESTION:
An increase (rightward shift) in the demand for a good will tend to cause ________.
a. an increase in the equilibrium price and quantity
b. a decrease in the equilibrium price and quantity
c. an increase in the equilibrium price and a decrease in the equilibrium quantity
d. a decrease in the equilibrium price and an increase in the equilibrium quantity
e. none of the answer choices
ANSWER:
a. an increase in the equilibrium price and quantity
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