na given market the equilibrium quantity increased, yet the price remained the same. Which of the following could have happened? O There was a technological advancement and the price of a compliment good fell. O The price of key input rose and the price of a compliment good fell. O The price of key input rose and the price of a compliment good rose. O There was a technological advance and the price of a compliment good rose.

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter5: Markets In Motion And Price Controls
Section: Chapter Questions
Problem 9P
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In a given market the equilibrium quantity increased, yet the price remained the same. Which of the following could have happened?
O There was a technological advancement and the price of a compliment good fell.
O The price of key input rose and the price of a compliment good fell.
O The price of key input rose and the price of a compliment good rose.
O There was a technological advance and the price of a compliment good rose.
Transcribed Image Text:In a given market the equilibrium quantity increased, yet the price remained the same. Which of the following could have happened? O There was a technological advancement and the price of a compliment good fell. O The price of key input rose and the price of a compliment good fell. O The price of key input rose and the price of a compliment good rose. O There was a technological advance and the price of a compliment good rose.
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