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Figure: Interpreting Supply Shifts 3) When the supply shifts from S 0 to S 1 (a leftward shift of the supply curve), the equilibrium price

Figure: Interpreting Supply Shifts 3) When the supply shifts fromS0toS1(a leftward shift of the supply curve), the equilibrium price changes from:

Question 4 options:

$40 to $60.

20 units to 15 units.

15 units to 20 units

$60 to $40.

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