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The new point of equilibrium is established at a price of ( ) per Greebe and a quantity of ( ) million Greebes. Compared with
The new point of equilibrium is established at a price of ( ) per Greebe and a quantity of ( ) million Greebes. Compared with the original point of equilibrium ( E ) , we say that because of a change in ( price/ underlying conditions ) , the ( supply / quantity supplied) changed ; and both the equilibrium price and the equilibrium quantity changed. The equilibrium price ( increase/ decreased), and the equilibrium quantity ( increased/ decreased)
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