Price ($) Spublic Sprivate 950 900 850 800 750 700 650 600 550 (40,000,700) E E(45,000,650) D 50,000 70,000 10,000 30,000 Refrigerators Causes the supply curve to shift down and to the right. Increases the equilibrium price and reduces the quantity demanded. Causes the supply curve to shift up and to the left. Increases the equilibrium price and quantity demanded.
Price ($) Spublic Sprivate 950 900 850 800 750 700 650 600 550 (40,000,700) E E(45,000,650) D 50,000 70,000 10,000 30,000 Refrigerators Causes the supply curve to shift down and to the right. Increases the equilibrium price and reduces the quantity demanded. Causes the supply curve to shift up and to the left. Increases the equilibrium price and quantity demanded.
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter4: Markets In Action
Section: Chapter Questions
Problem 2SQ
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Transcribed Image Text:Price ($)
Spublic
Sprivate
950
900
850
800
750
700
650
600
550
(40,000,700) E
E(45,000,650)
D
50,000
70,000
10,000 30,000
Refrigerators
Causes the supply curve to shift down and to the right.
Increases the equilibrium price and reduces the quantity demanded.
Causes the supply curve to shift up and to the left.
Increases the equilibrium price and quantity demanded.
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