September 13 - When supply increases what happens to market...

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September 13, 2006 Since Supply Q = f (P) Demand Q = f (P) When demand increases what happens to market clearing price and quantity Market clearing price and quantity goes up When demand decreases Market clearing price and quantity go down
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Unformatted text preview: When supply increases what happens to market clearing price and quantity Market price up Market quantity goes down When supply decreases Market price down Market quantity down...
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This note was uploaded on 05/01/2008 for the course ECON 101 taught by Professor Myers during the Spring '08 term at William & Mary.

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