Business
Business, 06.05.2021 20:40, maronetham6253

Draw a supply and demand curve and note the point of equilibrium. Illustrate and discuss what happens in the following instances:
-Before proceeding here, consider why we observe an equilibrium, why is not
more or less produced than the equilibrium?-
a) There is an increase in demand (What might cause this?).
b) The increase in demand is coupled with a decrease in supply (What may
cause this?). What happens to price and quantity​

answer
Answers: 1

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Draw a supply and demand curve and note the point of equilibrium. Illustrate and discuss what happ...

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