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In the graph, what happened to the equilibrium price when the supply curve moved from S1 to S2?

Question 10 options:

It did not change.

The equilibrium price went down.

The equilibrium price went up.

It indicated a decrease in demand.

In the graph, what happened to the equilibrium price when the supply curve moved from-example-1
asked
User Gsakkis
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7.9k points

2 Answers

2 votes

Yes the correct was

The equilibrium price went up.

thanks Avril1938

answered
User Suvish Valsan
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8.3k points
1 vote
the equilibrium price went up.
answered
User Irlanda
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7.9k points

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