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Economics 211 Clicker Questions

Economics 211 Clicker Questions. Chapter 4 – Question Set #3. Holding the nonprice determinants of supply constant, a change in price would. result in either a decrease in supply or an increase in supply. result in a movement along a stationary supply curve. result in a shift of demand.

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Economics 211 Clicker Questions

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  1. Economics 211Clicker Questions Chapter 4 – Question Set #3

  2. Holding the nonprice determinants of supply constant, a change in price would • result in either a decrease in supply or an increase in supply. • result in a movement along a stationary supply curve. • result in a shift of demand. • have no effect on the quantity supplied. Response Counter

  3. If the demand for a product increases, we would expect • equilibrium price to increase and equilibrium quantity to decrease. • equilibrium price to decrease and equilibrium quantity to increase. • equilibrium price and equilibrium quantity both to increase. • equilibrium price and equilibrium quantity both to decrease. Response Counter

  4. Increase and Decrease in Demand

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