What are the two main reasons why prices of goods increase? Group of answer choices answer 1. Decreased demand (left shift) and increased supply (right shift) answer 2. Decreased demand (left shift) and decreased supply (left shift) answer 3. Increased demand (right shift) and increased supply (right shift) answer 4. Increased demand (right shift) and decreased supply (left shift)
What are the two main reasons why prices of goods increase? Group of answer choices answer 1. Decreased demand (left shift) and increased supply (right shift) answer 2. Decreased demand (left shift) and decreased supply (left shift) answer 3. Increased demand (right shift) and increased supply (right shift) answer 4. Increased demand (right shift) and decreased supply (left shift)
Chapter5: Markets In Motion And Price Controls
Section: Chapter Questions
Problem 3P
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Question
What are the two main reasons why prices of goods increase?
Group of answer choices
answer 1. Decreased demand (left shift) and increased supply (right shift)
answer 2. Decreased demand (left shift) and decreased supply (left shift)
answer 3. Increased demand (right shift) and increased supply (right shift)
answer 4. Increased demand (right shift) and decreased supply (left shift)
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