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The current market price for good y is above the equilibrium price, and then the price of a subsitute good, x, increases. the demand curve for good y shifts as a result. what is the likely outcome of the demand shift?

a. the shortage decreases.
b. the surplus increases.
c. the surplus decreases.
d. the shortage increases.

User Raquelle
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1 Answer

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the shortage decreases
User Mo Adel
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