Question
5.Fill in the accompanying table, showing whether equilibrium price and equilibrium quantity go up, down or stay the same.Show your work (label all graphs). No
5.Fill in the accompanying table, showing whether equilibrium price and equilibrium quantity go up, down or stay the same.Show your work (label all graphs).
No Change in Supply An Increase in Supply A Decrease in Supply
No Change in Demand Price will _____ Price will _____ Price will _____
Quantity will _____ Quantity will ____ Quantity will ____
An Increase in Demand Price will _____ Price will _____ Price will _____
Quantity will _____ Quantity will ____ Quantity will ____
A Decrease in Demand Price will _____ Price will _____ Price will _____
Quantity will _____
Quantity will ___ Quantity will ___
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