Answer the following questions using the figure below. 
(A) If the demant curve shifted to the nght alang which of the twa curves wauld the equilibrium price increase the most?
(B) If the demand curve shifted to the left along which of the two supply curves wauld the equilibrium quantity decrease the most?
(C) Which of the twa supply curves wauld better represent supply in the shart run?
(D) OF the twa supply curves, which ane wauld be considered the les elastic?
Correct Answer:
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