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How will an increase in the number of buyers of tablets affect the market for th

ID: 1133950 • Letter: H

Question

How will an increase in the number of buyers of tablets affect the market for this product?

How will an increase in the number of buyers of tablets affect the market for this product? 0 A. Supply will decrease causing the equilibrium price to decrease and the equilibrium quantity to increase. O B. Demand will increase causing the equilibrium price to increase and the equilibrium quantity to increase. O . C. .Demand will increase causing the equilibrium price to decrease and the equilibrium quantity to decrease Supply will increase causing the equilibrium price to increase and the equilibrium quantity to decrease. 0 D.

Explanation / Answer

Option B.