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If there is an increase in demand but a decrease in production, would the graph and equilibrium look like the following? Or would it be
If there is an increase in demand but a decrease in production, would the graph and equilibrium look like the following? Or would it be a single shift to the left? Decreases in supply raises prices and lowers quantities transacted in the market and at every possible price the quantity is lower but I am unsure how the increase in demand but decrease in production would look on a graph.
Y D1 D S 51 P1 E1 Price P S D1 D Q 01 X QuantityPRICE 52 EZ P1 02 Quantity of jeans demandedStep by Step Solution
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