From an initial equilibrium, suppose there's an increase in demand. Once the market reaches its new equilibrium, there will be a. fewer transactions, and they will take place at a higher price. b. more transactions, and they will take place at a higher price. c. more transactions, and they will take place at a lower price. d. fewer transactions, and they will take place at a lower price.
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Home » Business » From an initial equilibrium, suppose there's an increase in demand. Once the market reaches its new equilibrium, there will be a. fewer transactions, and they will take place at a higher price. b.