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Here, with the demand increase there is a units in the short term, after which the market approaches a new equilibrium with price ______ and quantity Price 12 10 9 E2 14 15 of D1 S D2 Go Cart Races

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Here, with the demand increase there is a
of units in the short term,
after which the market approaches a new equilibrium with price
and quantity
Price
12
10
E1
9
E2
14 15
D1
S
D2
Go Cart Races

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