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4) Now use demand and supply curves to study the market for assets when the demand curve is upward-sloping (and atter than the supply curve,

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4) Now use demand and supply curves to study the market for assets when the demand curve is upward-sloping (and atter than the supply curve, which is also upward-sloping) and price is above equilibrium. Does the price converge to equilibrium or deviate farther away from it? Now suppose that we start at equilibrium {demand is still upward-sloping and atter than supply) but there is a shift to the right in the demand curve. 1hithat happens at the former equilibrium price? (i.e., is there an excess supply or an excess demand?) Will price move in the direction of market equilibrium or farther away from it

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