MICROECONOMICS-ACCESS CARD <CUSTOM>
MICROECONOMICS-ACCESS CARD <CUSTOM>
11th Edition
ISBN: 9781266285097
Author: Colander
Publisher: MCG CUSTOM
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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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