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Price ($) Spublic Sprivate 950 900 850 800 750 700 650 600 550 (40,000,700) E E(45,000,650) D 50,000 70,000 10,000 30,000 Refrigerators Causes the supply curve to shift down and to the right. Increases the equilibrium price and reduces the quantity demanded. Causes the supply curve to shift up and to the left. Increases the equilibrium price and quantity demanded.

Price ($) Spublic Sprivate 950 900 850 800 750 700 650 600 550 (40,000,700) E E(45,000,650) D 50,000 70,000 10,000 30,000 Refrigerators Causes the supply curve to shift down and to the right. Increases the equilibrium price and reduces the quantity demanded. Causes the supply curve to shift up and to the left. Increases the equilibrium price and quantity demanded.

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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Price ($) Spublic Sprivate 950 900 850 800 750 700 650 600 550 (40,000,700) E E(45,000,650) D 50,000 70,000 10,000 30,000 Refrigerators Causes the supply curve to shift down and to the right. Increases the equilibrium price and reduces the quantity demanded. Causes the supply curve to shift up and to the left. Increases the equilibrium price and quantity demanded.
Transcribed Image Text:Price ($) Spublic Sprivate 950 900 850 800 750 700 650 600 550 (40,000,700) E E(45,000,650) D 50,000 70,000 10,000 30,000 Refrigerators Causes the supply curve to shift down and to the right. Increases the equilibrium price and reduces the quantity demanded. Causes the supply curve to shift up and to the left. Increases the equilibrium price and quantity demanded.
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