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Business, 12.01.2022 14:00 loganlatimer2001

Q3) Compare "Change in Demand " with " Change in Quantity demanded" . Discuss causes and shape of curve.(2 points). Q4) At what price does Shortage and Surplus occur ? Once a market has shortage and Surplus, then what happens to the market price? (2 points) Q5) If an increase in Demand is larger than an increase in Supply, discuss equilibrium price and output sales. ( 2 points)

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