There is an increase in demand of 100 units at each price and a decrease in supply
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There is an increase in demand of 100 units at each price and a decrease in supply of 100 units at each price. In Figure 19, draw the new demand and supply curves and fi nd the new equilibrium price and quantity.
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ANSWER Step 1 Well show increase in demand of 100 units at each price Th...View the full answer
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Saikumar Ramagiri
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