How do shortages or surpluses factor into your explanation? What will happen to equilibrium price and quantity
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Question:
What will happen to equilibrium price and quantity as a result of the shift?
Which curve has a movement along it (hint: the other one)?
Which curve is shifting and why (give a determinant example)?
Related Book For
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
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