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After the Invention of the Cotton Gin in 1793,shirt Production

Question 143

Essay

After the invention of the cotton gin in 1793,shirt production became more efficient.If everything else remained constant and this production efficiency was the only change that affected the supply and demand for shirts,what would we expect to happen to the equilibrium price and equilibrium quantity? Use a supply and demand graph to supplement your explanation.

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blured image An improvement in the production proces...

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