Explain what causes changes in supply and demand

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Assignment: Intermediate Microeconomics

Explain what causes changes in supply and demand? Your answer should clearly state and explain the following:

1. 3 Economic factors that lead to a new supply curve

2. 4 non-economic factors that lead to a new supply curve

3. 4 factors that lead to a new demand curve

Remarks: Additional marks will be awarded based on clarity of explanations and the use of examples.

Reference no: EM131602292

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