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Business, 01.05.2021 01:00 viga23456

Suppose trade is blocked and the market is initially in equilibrium. Suppose trade remains blocked and this country experiences an increase in demand and an equal-sized decrease in supply. Assume the domestic market adjusts to the new equilibrium, as necessary. As a result of the shifts, the price is unchanged , the quantity purchased by domestic buyers and the quantity sold by domestic sellers .

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