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Detailed Explanation to Equilibrium Price

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If the demand curve shifts out what happens to the equilibrium price and quantity?

If the supply curve shifts to the left, what happens to the equilibrium price and quantity?

What is required for price to not be set by the equilibrium price?

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This solution provides a detailed explanation of the given economics questions.

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If the demand curve shifts out, more quantity is demanded at any given price. Then the equilibrium will move up-right along supply curve. The new equilibrium ...

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