brium price will ablished. develops at the original price. and equilibrium quantity will as a new equilibrium Price (dollars per units) 52 S₁

Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter4: The Market Forces Of Supply And Demand
Section: Chapter Questions
Problem 6CQQ
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Q7

the diagram, when supply decreases,
Equilibrium price will
s established.
develops at the original price.
and equilibrium quantity will
as a new equilibrium
Price (dollars per units)
52
Quantity (millions of units per month)
S₁
17
Transcribed Image Text:the diagram, when supply decreases, Equilibrium price will s established. develops at the original price. and equilibrium quantity will as a new equilibrium Price (dollars per units) 52 Quantity (millions of units per month) S₁ 17
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