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Now, let us consider a The market for calculators is a perfectly competitive industry facing typical U-shaped ATC, AVC, and MC cost curves. generic scenario
Now, let us consider a The market for calculators is a perfectly competitive industry facing typical U-shaped ATC, AVC, and MC cost curves. generic scenario involving a simultaneous change in supply and demand. This question is unrelated to your analysis of the market for battery metals from Question 1 and Question 2 or to the Wall Street Journal article. If both supply and demand curve increase, is the change in price that you found guaranteed (e.g., non-ambiguous)? What about the change in quantity? If the change in either price or quantity is not guaranteed (e.g., ambiguous), what is responsible for any ambiguity
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