If the equilibrium price and quantity of a product were ($100) and 1,000 units per month in
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If the equilibrium price and quantity of a product were \($100\) and 1,000 units per month in 2023 and \($150\) and 800 units per month in 2024, did this product experience a larger shift in its demand curve or in its supply curve from 2023 to 2024? Briefly explain.
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