Question
Can you draw the Market Equilibrium graph for e-commerce based the following: 1. Changes in consumer preferences towards online shopping shifting the demand curve for
Can you draw the Market Equilibrium graph for e-commerce based the following:
1. Changes in consumer preferences towards online shopping shifting the demand curve for online shopping to the right (increase in demand), and an increase in the number of buyers shifting the demand curve for online shopping to the right (increase in demand).
2. Advances in technology that make it easier or cheaper to provide online shopping shift the supply curve for online shopping to the right (increase in supply) and an increase in the number of producers offering online shopping services shift the supply curve for online shopping to the right (increase in supply).
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