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16 January, 13:26

In 1 or 2 sentences, identify a change (either increase or decrease) in supply or demand that would cause the equilibrium price to increase.

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  1. 16 January, 13:49
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    Changes in the supply or demand also changes the equilibrium price that is present. Increasing the demand would lead to an increase in equilibrium price. However, increasing the supply would lead to a decrease in price. So, to increase the price supply should be less.
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