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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Fundamentals Of Economics For Business

ISBN: 398357

2nd Edition

Authors: John Smithin ,David Barrows

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