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Microeconomics

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Moderate

Market Shifts: Prices in All Directions!

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For each of the following market shifts, indicate whether equilibrium price increases, decreases, stays the same, or changes ambiguously (meaning, there's not enough information to know for sure how it changes).

(A tip: try sketching out these changes on graph paper!)

The supply curve shifts right:

The demand curve shifts left:

The supply and demand curves both shift right:

The supply curve shifts right, and the demand curve shifts left: