Shifts in the demand curve, all else remaining constant, lead to

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    An increase in the market equilibrium price if the shift is due to a decrease in demand.
     A decrease in the market equilibrium price if the shift is due to an increase in demand.
     An increase in the market equilibrium price if the shift is due to an increase in demand.
     No change in the equilibrium price in the market, as sellers base prices on input costs and not the level of demand.
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

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An increase in the market equilibrium price if the shift is due to an increase in demand.
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)

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