Microeconomics
Microeconomics
11th Edition
ISBN: 9781260507041
Author: Colander, David
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 5.1, Problem 3Q
To determine

The impact on price and quantity when supply and demand shift to the left.

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If the supply curve shifts to the right, what is likely to happen to price and quantity?
If the demand curve shifts to the right, what is likely to happen to price and quantity?
If demand shifts right AND supply shifts right, what happens to the equilibrium price and equilibrium quantity?
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