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Refer to the diagram below, in which S₁ and D₁ represent the original supply and demand curves and S₂ and D₂ the new cur
Posted: Wed Jul 06, 2022 6:20 am
by answerhappygod
- Refer To The Diagram Below In Which S And D Represent The Original Supply And Demand Curves And S And D The New Cur 1 (73.97 KiB) Viewed 17 times
Refer to the diagram below, in which S₁ and D₁ represent the original supply and demand curves and S₂ and D₂ the new curves. In this market: Price 0 J K S₁ Quantity M D₁ D₂ S₂ O supply has decreased and equilibrium price has increased. O demand has increased and equilibrium price has increased. O demand has decreased and equilibrium price has decreased. O demand has increased and equilibrium price has decreased.