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economics mocks key terms

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Pregunta:

Shifts in demand

Autor: Aurelia Schippel



Respuesta:

If demand increases price will rise. this causes a shift in the demand curve to the right. this changes the equilibrium because now supply and demand are now equal but at a different point if demand were to fall the oposite would happen. the demand curve would shift to the left and the price would fall.


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