Right demand shift result into increase in equilibrium price

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Reference no: EM131090404

TRUE OR FALSE: (Please answer ALL questions, WITHOUT explanation, but please be SURE about your answers)

1. The right demand shift results into an increase in equilibrium price.

2. The price down of necessity goods results in increases of both demand and total revenue.

3. The price down for long-run results in increases of both demand and total revenue.

Reference no: EM131090404

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