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Relevant curve and the new equilibrium that results

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Reference no: EM131243181

1. In each case below provide a story as to why demand or supply changed, and trace the effect on equilibrium price and quantity. Provide clearly labeled graphs for each case (4 separate graphs in total) showing the initial equilibrium, the shift in the relevant curve and the new equilibrium that results.

1- Demand increases

2-Demand decreases

3-Supply increases

4-Supply decreases

Reference no: EM131243181

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