In general, changes in price and quantity depend on the amount by which the demand and supply curves shift, in which dir

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answerhappygod
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In general, changes in price and quantity depend on the amount by which the demand and supply curves shift, in which dir

Post by answerhappygod »

In general, changes in price and quantity depend on the amount
by which the
demand and supply curves shift, in which direction they shift and
the shape of
each curve. With this statement in mind, illustrate by drawing a
single graph the
new price and quantity at a new equilibrium when both curves shift
to the right,
but the shift in the demand curve is larger than the shift in the
supply curve.
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