Question: Click the button, then read through the scenario and refer to the 5&D graph. Find #N/A initial equilibrium price and quantity, shift the Double Click

Click the button, then read through the scenario and refer to the 5&D graph. Find #N/A initial equilibrium price and quantity, shift the Double Click Here to appropriate curve(s), then find the final Start #VALUE! equilibria and changes in P & Q. #VALUE! #VALUE! Initial Situation #VALUE! Equilibrium Outcome Demand Supply Price slope -1slope Equilibrium 1 intercept #N/Aintercept #N/A Demand P Q P Q Supply $10 $10 Equilibrium 2 #N/A #NA result: #N/A #NA #N/A 57 #N/A 56 #N/A 56 #NA $5 #N/A #NA #N/A #N/A 53 #N/A #NA 52 #N/A 52 #N/A #N/A #NA 50 #N/A 50 #N/A THE New Situation
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