2 If both the supply and demand curves shift right, we know the direction of the change...
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2 If both the supply and demand curves shift right, we know the direction of the change in quantity, but not the direction of the price change. If supply shifts right but demand shifts left, we cannot know the direction of either the price or quantity change. Explain why you agree or disagree with these statements.
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Related Book For
Fundamentals Of Economics For Business
ISBN: 398357
2nd Edition
Authors: John Smithin ,David Barrows
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