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Select any industry with which you are familiar. Make a graph of this market in equilibrium. Provide 2-examples for industry of conditions which would change supply and two that would change demand. Explain and illustrate how each of these would affect equilibrium. Indicate the effect on equilibrium price and quantity and the effect on customer surplus.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M9310997

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