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Graph 3: The effect of an increase in domestic demand Illustrate and explain: the impact on world price, the impact on exports/imports; the impacts domestic

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Graph 3: The effect of an increase in domestic demand Illustrate and explain: the impact on world price, the impact on exports/imports; the impacts domestic consumption and domestic production; Illustrate and refer to (as needed): new P, new QS, new QD, new M or new X Price of Steel Domestic supply P1 World Price Imports ........... At P1 D 0 Qs Qd Quantity

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