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Supply, Demand, and Market Equilibrium
Worksheet
Grade Level
Economics & Financial Literacy
12.9 Supply, Demand, and Market Equilibrium
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In a market for compact discs, demand decreases as listeners stream music, and supply decreases as factories switch products. What can be concluded with confidence?
A
Equilibrium quantity increases, but price is uncertain.
B
Equilibrium price increases and quantity increases.
C
Equilibrium quantity decreases, but equilibrium price is uncertain.
D
Equilibrium price decreases and quantity increases.
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