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A" represents the new quantity supplied, while "B" represents the new quantity demanded. What is the result of these changes? Based on this graph, what should happen to prices?
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What does it signify if point 1 shifts down and to the right? a. the price level and the real gdp are falling. b. the real gdp is falling, and supply is increasing. c. the price level is rising, and production is increasing. d. the price level is falling, and demand and the real gdp are rising.
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