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Posted: June 26th, 2022
Homework
Due Tuesday September 13th
In the table below, tell me what we can and cannot conclude about the changes in price (P) and quantity (Q) from each of the shifts I have indicated. If prices go up, you can simply write P with an upwards arrow in that box. If we can’t conclude, write P with a question mark.
Increase Supply No change Supply Decrease Supply
Increase Demand
No Change Demand
Decrease Demand
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