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In each of the two (separate) following situations, list what will happen to the equilibrium price and the equilibrium quantity for the particular product. a.

In each of the two (separate) following situations, list what will happen to the equilibrium price and the equilibrium quantity for the particular product.

a. The population decreases and productivity increases

b.Income increases and the price of inputs increase

a. Equilibrium price _____ and equilibrium quantity _____.

b. Equilibrium price _____ and equilibrium quantity _____

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