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Group 4 Quiz: Changes in Supply, Demand, and Equilibrium Flashcards | StudBud
Group 4 Quiz: Changes in Supply, Demand, and Equilibrium
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There's only 500 concert tickets, but 2500 people wish to attend. How does this affect equilibrium price?
A
Equilibrium price will increase
B
Equilibrium price will remain constant
C
Equilibrium price will decrease
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