Question: Suppose the quantity demanded at each price increases by 10 kilos, and that quantity supplied at each price decreases by 10 kilos. Which of the
Suppose the quantity demanded at each price increases by 10 kilos, and that quantity supplied at each price decreases by 10 kilos. Which of the following statements is correct? a) Boththeequilibriumpriceandquantitytradedremainunchanged. b) Theequilibriumpricedecreasesto$2,andtheequilibriumquantitytradedremains unchanged. c) The equilibrium price remains unchanged, and the equilibrium quantity traded increases to 40. d) The equilibrium price remains unchanged, and the equilibrium quantity traded decreases to 20. e) The equilibrium price increases to $4, and the equilibrium quantity traded remains unchanged
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