Question: d. Illustrate the situation in (c) in the coordinate axis below. ( 1/2) P S Q Relative to the initial equilibrium, identify the price and/or

d. Illustrate the situation in (c) in the coordinate axis below. ( 1/2) P S Q Relative to the initial equilibrium, identify the price and/or quantity adjustment. What process causes the adjustment to the new equilibrium? Equilibrium Price Change: Increase /Decrease /No Change (Circle One)_ Equilibrium Quantity Change Increase /Decrease /No Change (Circle One)_

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