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How the simultaneous (concurrent) change in supply and demand affects the ultimate change in equilibrium price (Pe) and quantity (Qe) of the medical equipment

How the simultaneous (concurrent) change in supply and demand affects the ultimate change in equilibrium price (Pe) and quantity (Qe) of the medical equipment market in the country. (hints: Use the Supply / Demand Model) (3 marks)

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1 Increase in Demand No Change in Supply Effect With an increase in demand and no change in supply the equilibrium price Pe will rise This leads to a ... blur-text-image

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