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1. Identify what happens to equilibrium price and quantity in each of the following cases: demand falls by less than supply rises (a) demand rises

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1. Identify what happens to equilibrium price and quantity in each of the following cases: demand falls by less than supply rises (a) demand rises by more than supply rises (b) demand rises by less than supply rises (c) demand falls by more than supply falls 2. Determine equilibrium price and quantity for the following supply and demand equati

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