Diagrammatically represent the change in equilibrium price and equilibrium quantity
Decrease in demand<Increase in supply
Increase in demand >increase in supply
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Answer:Let's look at some step-by-step examples of shifting supply and demand curves. ... effect on demand or supply causes the curve to increase (shift to the right) or decrease (shift to the left) and to sketch the new demand or supply curve on the diagram. ... Draw a demand and supply model representing the situation before the ...
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