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Draw the graph and then find the original equilibrium then the new equilibrium and answer the question Increase in Demand and Decrease in Supply This

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Draw the graph and then find the original equilibrium then the new equilibrium and answer the question

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Increase in Demand and Decrease in Supply This shows (circle the correct answers) Increase in Demand, Decrease in Demand Increase in Supply, Decrease in Supply Increase in Quantity Demand, Decrease in Quantity Demand Increase in Quantity Supply, Decrease in Quantity Supply what happened to P? What happened to Q? 4

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