Assume that the supply curve for a commodity shifts to the right and the demand curve shifts to the left, both by the same degree. Then, in comparison to the initial equilibrium, the new equilibrium will be characterized by:

A) a lower price and quantity.
B) a higher price and quantity.
C) a lower price and the same quantity.
D) a higher price and the same quantity.

C

Economics

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Of the following high-income countries, which has the lowest life expectancy at birth?

A) Canada B) Japan C) the United Kingdom D) the United States

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One of the limitations of aggregate accounting is that:

A. it doesn't take depreciation into account. B. it measures market activity, not social welfare. C. it includes market transactions that should be excluded. D. there isn't enough data available in most developed countries to have national income accounts.

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