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For each of the following market shifts, indicate whether equilibrium quantity 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 quantity increasesEquilibrium quantity decreasesEquilibrium quantity stays the sameEquilibrium quantity changes ambiguously
The demand curve shifts left:
Select Option Equilibrium quantity increasesEquilibrium quantity decreasesEquilibrium quantity stays the sameEquilibrium quantity changes ambiguously
The supply and demand curves both shift right:
Select Option Equilibrium quantity increasesEquilibrium quantity decreasesEquilibrium quantity stays the sameEquilibrium quantity changes ambiguously
The supply curve shifts right, and the demand curve shifts left:
Select Option Equilibrium quantity increasesEquilibrium quantity decreasesEquilibrium quantity stays the sameEquilibrium quantity changes ambiguously
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