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i need a curves of each demand and supply elasticity ( curve shifts ) and what happen to equilibirum price and equilibirum quintity in each curve

2006-12-03 22:54:14 · 2 answers · asked by Tareq D 1 in Social Science Economics

2 answers

check these two

2006-12-04 04:49:39 · answer #1 · answered by Dirk N 3 · 0 0

you're proper about the decision for curve. it is going to shift to the left because of the particular incontrovertible fact that there'll be a lot less call for. that is extra complicated with the provision curve. keep in mind that economics is organic theory, so it is the way you seem at it. Technically vendors are prepared to provide extra at larger expenditures. even if, because of the particular incontrovertible fact that call for has lengthy gone down, the provision curve will shift purely to the upward thrust at which the utmost income might want to be earned. In different words, those signifies that the provision curve relies upon on the decision for curve. it does no longer be a possibility to respond to this for effective, even if it is going to proceed to be the same.

2016-11-23 15:53:30 · answer #2 · answered by ? 4 · 0 0

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