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Il point) Draw the demand and supply curves for the following demand and supply schedule
What do you realize in this supply curve in which cases could this be true (give example)?
Price
Quantity Demanded
Quantity Supplied
50
10
15
25
20
20
25
25
10
25
30
$
25
12 points] Find the flaws in reasoning in the following statements, paying particular attention
to the distinction between shifts of and movements along the supply and demand curves.
Draw a diagram to illustrate what actually happens in each situation
i) "A technological innovation that lowers the cost of producing a good might seem at first to
result in a reduction in the price of the good to consumers. But a fall in price will increase​

Answer 1

Answer:

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Explanation:

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