USING MICROSOFT WORD, Graph the indicated hypothetical movements of demand and supply and state what then happens to both price and quantity. 1. Increase in Supply (movement to the right), Increase in Demand (rightward shift) 2. No change in Supply, Increase in Demand (rightward shift) 3. Decrease in Supply (movement to the left), Increase in Demand (rightw

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter5: Markets In Motion And Price Controls
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USING MICROSOFT WORD, Graph the indicated hypothetical movements of demand and supply and state what then happens to both price and quantity.

1. Increase in Supply (movement to the right), Increase in Demand (rightward shift)

2. No change in Supply, Increase in Demand (rightward shift)

3. Decrease in Supply (movement to the left), Increase in Demand (rightward shift)

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