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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.
Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..
The government decides to tax cookbooks because they feel that they encourage overeating and can lead to health issues, like obesity and heart disease. Answer the following: in 600-800 words
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