Indicate the effect (increase, decrease or indeterminate) on the equilibrium price and quantity of each of these changes in demand and/or supply. A. Increase in demand, increase in supply 1.                2.             B. Increase in demand, decrease in supply 3. 4. C. Decrease in demand, decrease in supply 5.

Microeconomics
13th Edition
ISBN:9781337617406
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter3: Supply And Demand: Theory
Section3.3: The Market: Putting Supply And Demand Together
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Indicate the effect (increase, decrease or indeterminate) on the equilibrium price and quantity of each of these changes in demand and/or supply.

A. Increase in demand, increase in supply

1.               

2.            

B. Increase in demand, decrease in supply

3.

4.

C. Decrease in demand, decrease in supply

5.

6.

 

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