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ECO550- Discussion Forum 1 (week 2)

ECO550- Discussion Forum 1 (week 2) - changed This...

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Effects on Equilibrium An excellent example of market equilibrium and how supply and demand can impact it greatly is the natural disaster that occurred in Japan. Due to the tsunami and earthquakes much of Japan is no longer functional for manufacturing and distributing goods, but the demand for items hasn’t
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Unformatted text preview: changed. This disruption can affect a supply curve; the supply curve will now shift to the left. Considering the demand is held constant the prices of goods and services will now increase....
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