
Economics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0078021800
Economics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0078021800 Exercise 4
Draw in a new supply curve, S 1 , on Figure 5, showing a decrease in supply. What happens to equilibrium price and quantity?
Figure 5

Figure 5
Explanation
Shifts in the demand and supply
Apart f...
Economics 11th Edition by Stephen Slavin
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