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Table 1: Supply and demand for tea Price Quantity Demanded Quantity Supplied 3 10 1 4 8 3 5 6 6 6 4 12 Looking
Table 1: Supply and demand for tea Price Quantity Demanded Quantity Supplied 3 10 1 4 8 3 5 6 6 6 4 12 Looking at Table 1, if we started from a price of $6 per tea, we would expect: Group of answer choices The demand curve will shift to the right until reaching market equilibrium Suppliers to reduce their prices, leading to an increase in the quantity demanded and an eventual decrease of the quantity supplied until reaching market equilibrium The supply curve will shift to the left until reaching market equilibrium The supply curve will shift to the left and the demand curve will shift to the right until reaching market equilibrium
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