brium price will ablished. develops at the original price. and equilibrium quantity will as a new equilibrium Price (dollars per units) 52 S₁

ECON MICRO
5th Edition
ISBN:9781337000536
Author:William A. McEachern
Publisher:William A. McEachern
Chapter4: Demand, Supply, And Markets
Section: Chapter Questions
Problem 4.8P
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Q7

the diagram, when supply decreases,
Equilibrium price will
s established.
develops at the original price.
and equilibrium quantity will
as a new equilibrium
Price (dollars per units)
52
Quantity (millions of units per month)
S₁
17
Transcribed Image Text:the diagram, when supply decreases, Equilibrium price will s established. develops at the original price. and equilibrium quantity will as a new equilibrium Price (dollars per units) 52 Quantity (millions of units per month) S₁ 17
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