If the equilibrium price and quantity of a product were $100 and 1,000 units per month in
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If the equilibrium price and quantity of a product were $100 and 1,000 units per month in 2017 and $150 and 800 units per month in 2018, did this product experience a larger shift in its demand curve or in its supply curve from 2017 to 2018? Briefly explain.
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