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Exhibit: Simultaneous Shifts in Demand and Supply
-(Exhibit: Simultaneous Shifts in Demand and Supply) D₁ and S₁ are original supply and demand curves, and S₂ and D₂ are new curves. In this market, following the adjustment shown:

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Exhibit: Simultaneous Shifts in Demand and Supply

-(Exhibit: Simultaneous Shifts in Demand and Supply) D₁ and S₁ are original supply and demand curves, and S₂ and D₂ are new curves. In this market, following the adjustment shown:

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The new demand curve is to the right of the original demand curve, indicating an increase in demand. The new supply curve is also to the right of the original supply curve, indicating an increase in supply. The intersection of the new demand and supply curves results in a lower price and a higher quantity.

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