Equilibrum Price
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Suppose that both the equilibrium price and quantity of golf clubs rise. Which of the following explanations would best explain this outcome?
a. A decrease in demand for golf clubs with no change in supply.
b. An increase in supply of golf clubs with no change in demand.
c. A decrease in demand for golf clubs and a decrease in the supply of mustard.
d. An increase in demand for golf clubs with no change in supply.
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Equilibrum Price
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d. An increase in demand for golf clubs with no change in supply. ...
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