Using a diagram, describe the effects of outward shift in supply curve on equilibrium price and quantity.

      

Using a diagram, describe the effects of outward shift in supply curve on equilibrium price and quantity.

  

Answers


Kavungya
fig4526920191501.png
-An increase in equilibrium quantity from Qo to Q1
-A decrease in equilibrium price from Po to P1
Kavungya answered the question on September 26, 2019 at 12:02


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