The following graph depicts the market for candy bars, currently in equilibrium. Suppose there is rapid economic growth. Shift either the supply curve or demand curve on the following graph to depict this rapid economic growth, then answer the questions that follow. PRICE (3 per candy bar 10 " . 0 03 Supply Demand 24 6 9 12 15 18 21 QUANTITY (Thousands of candy bars) 27 30 Demand Supply As a result of the rapid economic growth, the equilibrium quantity of candy bars has and the equilibrium price has

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Chapter3: Demand And Supply
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 The following graph depicts the market for candy bars, currently in equilibrium. Suppose there is rapid economic growth. Shift either the supply curve or demand curve on the following graph to depict this rapid economic growth, then answer the questions that follow. PRICE ($ per candy bar) 10 9 8 1 0 0 3 Supply Demand 21 24 6 9 12 15 18 QUANTITY (Thousands of candy bars) 27 30 Demand Supply As a result of the rapid economic growth, the equilibrium quantity of candy bars has (decreased or increased?) and the equilibrium price has (decreased or increased?) 

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The following graph depicts the market for candy bars, currently in equilibrium.
Suppose there is rapid economic growth.
Shift either the supply curve or demand curve on the following graph to depict this rapid economic growth, then answer the questions that follow.
PRICE (3 per candy bar
10
"
.
0
03
Supply
Demand
24
6 9 12 15 18 21
QUANTITY (Thousands of candy bars)
27 30
101
Demand
Supply
As a result of the rapid economic growth, the equilibrium quantity of candy bars has
and the equilibrium price has
Transcribed Image Text:The following graph depicts the market for candy bars, currently in equilibrium. Suppose there is rapid economic growth. Shift either the supply curve or demand curve on the following graph to depict this rapid economic growth, then answer the questions that follow. PRICE (3 per candy bar 10 " . 0 03 Supply Demand 24 6 9 12 15 18 21 QUANTITY (Thousands of candy bars) 27 30 101 Demand Supply As a result of the rapid economic growth, the equilibrium quantity of candy bars has and the equilibrium price has
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