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Question: Using the graph below, answer the following questions:
a. What is the shift from S1 to S2 called?
b. What is the movement from a to b called?
c. What is the movement from b to a called?
d. What is the shift from S2 to S1 called?
Macroeconomics, Economics
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Question: When other firms react Suppose you are the owner-operator of a gas station in a small town. Over the past 20 years, you and your rival have successfully kept prices at a very high level. You recently learned th ...
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