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    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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    d. An increase in demand for golf clubs with no change in supply. ...

    Solution Summary

    Equilibrum Price

    $2.19