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    Macroeconomics Principles Study Set 1
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    Exam 3: Supply and Demand
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    Suppose That a Product's Supply and Demand Curves Both Shift
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Suppose That a Product's Supply and Demand Curves Both Shift

Question 182

Question 182

Essay

Suppose that a product's supply and demand curves both shift to the left. What will happen to price and/or quantity, and which effects are indeterminate?

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Quantity falls, but the effect...

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