Determine where will output be at the new equilibrium

Reference no: EM13243358

Assume the economy is at equilibrium and output is at 20,000. Arightward shift in the supply curve shows that the economy canproduce 26,000 at the same price as before. Where will output be at the new equilibrium? Above the new 26,000 possible output, equal to the new 26,000 possible output, or below the new 26,000 possibleoutput? Why?

Reference no: EM13243358

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