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Assume that your economy's demand and supply curves are in market equilibrium.The government decides to pass tax cuts, which in turn increases everyone's Gross (After

Assume that your economy's demand and supply curves are in market equilibrium.The government decides to pass tax cuts, which in turn increases everyone's Gross (After Tax) Income.This will cause a demand shock that will increase demand in your economy, which sets a new market equilibrium price and quantity.

What will happen to the demand curve?

What will happen to the Market Equilibrium price?

What will happen to the Market Equilibrium quantity?

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