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Explain the shifts in demand andor supply that can result


Explain the shifts in demand and/or supply that can result in the following observations: (Assume the demand curve is downward sloping and the supply curve is upward sloping. Show your work on graphs.

  1. Both price and quantity rise.
  2. Price rises, quantity falls.
  3. Price rises, quantity doesn't change.
  4. Quantity rises, price doesn't change.

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Business Management: Explain the shifts in demand andor supply that can result
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