Supply affect equilibrium prices and quantity within market

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Does each event change demand, supply, both, or neither? Explain your choice. Does the event increase or decrease demand and/or supply? Explain your answer. How does this change in demand and/or supply affect the equilibrium prices and quantity within the market? Compare the new demand curve or supply curve by drawing it on the same graph. Find the new equilibrium and compare it with the original one in terms of equilibrium price and quantity and explain your findings.

Reference no: EM131003220

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