Explain the simultaneous decrease in demand and supply, when demand is greater than supply?
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If simultaneous shifts in demand and supply cause equilibrium price or quantity to move in the same direction, then equilibrium price or quantity clearly moves in that direction. ... As demand and supply curves shift, prices adjust to maintain a balance between the quantity of a good demanded and the quantity supplied.
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Answered by
1
Answer:
If simultaneous shifts in demand and supply cause equilibrium price or quantity to move in the same direction, then equilibrium price or quantity clearly moves in that direction. ... As demand and supply curves shift, prices adjust to maintain a balance between the quantity of a good demanded and the quantity supplied.
Explanation:
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