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United States (206,021)
Economics (994)
Chapter 4

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Department
Economics
Course
Economics 10a
Professor
Gregory Mankiw
Semester
Fall

Description
Ec 10a – Chapter 4 (79­85) 09/16/2013 Three Steps to Analyzing Changes in Equilibrium First – Decide whether event shifts the supply curve, the demand curve, or, in some cases, both curves Ex. Hot weather increases demand for ice cream Second – Decide whether the curve shifts to the right or to the left Demand curve shifts to the right. Increase in demand. The quantity of ice cream demanded is higher at  every price Third – Use supply­and­dema
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