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Answer the following questions. Fill in the accompanying table, showing whether the equilibrium price and equilibrium quantity go up, down, or stay the same. No

Answer the following questions.

Fill in the accompanying table, showing whether the equilibrium price and equilibrium quantity go up, down, or stay the same.

No Change in Demand

An Increase in Demand

An increase in supply

A decrease in supply

Market demand is given as Qd = 500 2P, and the market supply is given as Qs = 3P + 100. What will be the price and quantity traded in the market?

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