There is a decrease in demand of 1,000 units at each price and a decrease in supply

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There is a decrease in demand of 1,000 units at each price and a decrease in supply of 1,000 units at each price. In Figure 18, draw the new demand and supply curves and fi nd the new equilibrium price and quantity. 

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Microeconomics

ISBN: 9780077641542

11th Edition

Authors: Stephen Slavin

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