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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:
Select Option Equilibrium price increasesEquilibrium price decreasesEquilibrium price stays the sameEquilibrium price changes ambiguously
The demand curve shifts left:
Select Option Equilibrium price increasesEquilibrium price decreasesEquilibrium price stays the sameEquilibrium price changes ambiguously
The supply and demand curves both shift right:
Select Option Equilibrium price increasesEquilibrium price decreasesEquilibrium price stays the sameEquilibrium price changes ambiguously
The supply curve shifts right, and the demand curve shifts left:
Select Option Equilibrium price increasesEquilibrium price decreasesEquilibrium price stays the sameEquilibrium price changes ambiguously
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