Question: 6. (Chapter 3, Question 10) Since both the demand and supply curves for tofu have shifted outward, the equilibrium quantity of tofu sold is higher

6. (Chapter 3, Question 10) Since both the demand and supply

6. (Chapter 3, Question 10) Since both the demand and supply curves for tofu have shifted outward, the equilibrium quantity of tofu sold is higher than before. The equilibrium price may be higher (left panel) or lower (right panel) or it could remain the same (as shown in the graph)

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