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Draw diagram following markets happens supply and demand graph the answer describe happens to equilibrium price and quantity

1. us new construction residential housing market. severe recession country experienced reduces income worldwide.

2. us air travel market AA ceases operations overnight

3. the market for large suvs change in price gasoline rises 33cents each week for 6 consecutive weeks then stabilizes a new high price

4. us domestic car market the price foreign cars increase due to exchange rate shock.

Microeconomics, Economics

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