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There will be a higher equilibrium price and quantity if _____.
Responses
supply increases and demand decreases
supply increases and demand decreases
demand increases and supply stays the same
demand increases and supply stays the same
supply increases and demand stays the same
supply increases and demand stays the same
supply increases and demand increases
supply increases and demand increases
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GPT-5 mini
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demand increases and supply stays the same
Explanation: A rightward shift in demand (with supply unchanged) raises both the equilibrium price and the equilibrium quantity.
Explanation: A rightward shift in demand (with supply unchanged) raises both the equilibrium price and the equilibrium quantity.
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