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AP® Microeconomics

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Demand: Effect of Change on Equilibrium Price and Quantity

APMICR-JVHSLB

With conventional supply and demand curves, If demand increases while supply remains constant,

A

equilibrium price would increase while equilibrium quantity would decrease.

B

both equilibrium price and quantity would increase.

C

equilibrium price would decrease while equilibrium quantity would increase.

D

both equilibrium price and quantity would decrease.

E

equilibrium price and quantity would remain constant.