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Answer to Question #45002 in Economics of Enterprise for YOSEF ADAM

Question #45002
1 Given market equilibrium of demand and supply of sugar,what happens to the level of equilibrium price and quantity if market demand increases by 50% while its supply increases by 40% ?
Expert's answer
The equilibrium price will increase by 50 - 40 =10% and equilibrium quantity will increase by 40 + 50 = 90%.

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