Draw a graph of a market in equilibrium. Describe what might cause a change in demand or supply, and how this would affect the new equilibrium. Indicate the effect on equilibrium price and quantity.

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The Answer of Draw a graph of a market in equilibrium. Describe what might cause a change in demand or supply, and how this would affect the new equilibrium. Indicate the effect on equilibrium price and quantity.

Draw a Graph of a Market in Equilibrium