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Use demand and supply analysis to answer each of the following questions. Assume that the respective market is in equilibrium before the change takes place.
Use demand and supply analysis to answer each of the following questions. Assume that the respective market is in equilibrium before the change takes place. Graphically analyze whether there is a movement or a shift in the appropriate curve and then determine the effect on the equilibrium price and quantity. Draw a separate diagram for each question in each market.In the housing market, inflation is growing at 20% per year while a number of builders go bankrupt
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