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Exercise 3 Identify whether the curve will shift to the right or to the left. Write R in the blank if it shifts to the right and Lif it shifts to the left. I Demand II Supply _1. increase in population _6. Increase in total cost of production 2. Decrease in income _7. Increase in technology _3. Increase in income _8. Decrease in total cost of production 4. Increase in taste 9. Increase in the number of sellers 5. Decrease in population _10. Decrease in the number of sellers

Exercise 3 Identify whether the curve will shift to the right or to the left. Write R in the blank if it shifts to the right and Lif it shifts to the left. I Demand II Supply _1. increase in population _6. Increase in total cost of production 2. Decrease in income _7. Increase in technology _3. Increase in income _8. Decrease in total cost of production 4. Increase in taste 9. Increase in the number of sellers 5. Decrease in population _10. Decrease in the number of sellers

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Exercise 3 Identify whether the curve will shift to the right or to the left. Write Rin the blank if it shifts to the right and L if it shifts to the left. I Demand II Supply _1. increase in population 6. Increase in total cost of production 2. Decrease in income 7. Increase in technology 3. Increase in income 8. Decrease in total cost of production 4. Increase in taste 9. Increase in the number of sellers 5. Decrease in population 10. Decrease in the number of sellers
Transcribed Image Text:Exercise 3 Identify whether the curve will shift to the right or to the left. Write Rin the blank if it shifts to the right and L if it shifts to the left. I Demand II Supply _1. increase in population 6. Increase in total cost of production 2. Decrease in income 7. Increase in technology 3. Increase in income 8. Decrease in total cost of production 4. Increase in taste 9. Increase in the number of sellers 5. Decrease in population 10. Decrease in the number of sellers
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