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Draw a separate diagram what happens to the Supply and Demand graphs with your answer. what happens to equilibrium price and quantity. draw a separate diagram market for large SUVs. change price of gasoline in the U.S. rises by 33 cents each week for 6 consecutive weeks, then stabilizes at the new high price. The U.S. domestic car market. Event: The price of foreign cars increases due to an exchange rate shock.

Microeconomics, Economics

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