Babyhands2807 Babyhands2807

24-01-2024
Business

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Assume the market depicted in the graph is in equiLiBrium. If the market goes from equiLiBrium to having its price set at $18, What will happen to the quantity demanded?
1) The quantity demanded will increase
2) The quantity demanded will decrease
3) The quantity demanded will remain the same
4) Cannot be determined

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