There is an increase in demand of 25 units at each price. In Figure 16, draw a
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There is an increase in demand of 25 units at each price. In Figure 16, draw a new demand curve and fi nd the new equilibrium price and quantity.
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Price ($) 100 90 80 70 60 50 40 30 20 10 Figure 16 200 400 600 Quantity 800 1000
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