Suppose a market is in equilibrium

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Reference no: EM13997453

Suppose a market is in equilibrium. Then a change occurs and the equilibrium price decreases while the equilibrium quantity increases. What change occurred in the market to cause these changes to price and quantity?

a. Increase in supply

b. Decrease in supply

c. Increase in demand

d. Decrease in demand

Reference no: EM13997453

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