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Micro Economics
Notes
Figure 3.6: An Increase in Supply
Figure 3.7: A Decrease in Demand
Figure 3.8: A Increase in Demand
It is important to note that when a demand curve shifts, there is movement along the supply
curve, with the result that the amount supplied and demanded in equilibrium change – although
for different reasons. Similarly, a shift in supply is accompanied by a movement along the
demand curve.
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