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2 3 4 5 6 Across Down 2. When the quantity demanded the quantity 1. If supply increases and demand decreases, then equilibrium price supplied

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2 3 4 5 6 Across Down 2. When the quantity demanded the quantity 1. If supply increases and demand decreases, then equilibrium price supplied at the prevailing market price, this is called a market will equilibrium. 3. Suppose that a technological advancement substantially reduces 4. Suppose that the quantity demanded for cars exceeds the the cost of laser eye surgery. This would cause the equilibrium quantity supplied of cars. We would expect that the price of cars of laser eye surgery to increase. will 5. When a market is in equilibrium, there is incentive for 6. An increase in demand will cause the equilibrium price and consumers or producers to change their current behaviore Windows quantity to ceteris paribus. Go to Settings to activate nd Online

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