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One definite result of price increase no matter what the magnitude of shift is (A) Supply...

One definite result of price increase no matter what the magnitude of shift is (A) Supply increase, Demand Decrease (B) Supply DecreaseDemand Decrease (C) Supply No change, Demand Decrease (D) Supply increaseDemand No change E) Supply No change, Demand Increase
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Answer #1

for solving this question we need to plot demand and supply curves for each cases given in the question

Demand curve is inverse slope in nature

Supply curve is upward sloping in nature

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