Question: Determine the effects on equilibrium price and quantity with the following changes and DRAW THE GRAPHS. 1. Demand decreases and supply remains the same 2.

Determine the effects on equilibrium price and quantity with the following changes and DRAW THE GRAPHS.

1. Demand decreases and supply remains the same 2. Supply decreases and demand remains the same 3. Demand decreases and supply decreases 4. Demand increases and supply decreases 5. Demand decrease and supply increases Graphs are needed. Please include them.

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