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28 April, 08:32

The supply and demand curves reflect the availability and cost of a new gaming system. If the gaming system market is currently at Demand and Supply 1, which change to the graph would have to occur to increase equilibrium price while lowering equilibrium quantity?

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  1. 28 April, 08:38
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    The supply curve must shift upward to increase equilibrium price while lowering equilibrium quantity.
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