FIGURE 3- 5
-Refer to Figure 3- 5. If supply were to increase and demand were to decrease simultaneously, this would lead to

Name: FIGURE 3- 5 -Refer to Figure 3- 5. If supply were to increase and demand were to decrease simultaneously, this would lead to
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If supply increases and demand decreases simultaneously, the equilibrium point will shift to the right (increase in quantity) and lower (decrease in price) resulting in a decrease in price and an indeterminate change in quantity.

FIGURE 3- 5 -Refer to Figure 3- 5. If Supply Were to Increase