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ECS1501 ASSIGNMENT 5 SEMESTER 2 2023.100% CORRECT questions, answers, workings and explanations.Suppose we observe that the equilibrium quantity of a particular good has increased significantly over the past 5 years, with virtually no change in the equilibrium price. The most likely explanation is that, over the past 5 years, both supply and demand have increased. Note, that you will lose 50% of the mark for this question if you choose the incorrect option. If you are not sure about the answe...

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