(Answered) A supply and demand puzzlethe following graph shows the

Management Studies

A supply and demand puzzle

The following graph shows the market for cars in 2010. Between 2010 and 2011, the equilibrium price of cars remained constant, but the equilibrium quantity of cars decreased. From this, you can conclude that between 2010 and 2011, the supply of cars (decreased, increased or was unchanged) and the demand for cars .(decreased, increased or was unchanged)

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