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From course:

Economics A Level (DONEEEEEEE)

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Question:

What happens, in a Market of Demand and Supply, if Demand Shifts to the: 1. Right 2. Left

Author: eric_galvao



Answer:

1. Demand Increasing leads to More Price, but more being Supplied into the Markets making a New Equilibrium. 2. Demand Falling leads to a Fall in Price, and Less being Supplied into the Markets making a nEw Equilibrium.


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