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Equilibrium price and quantity of golf clubs
Course:- Microeconomics
Reference No.:- EM1366851




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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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