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Question: back to assignment attempts average 1 7 working with numbers...

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Back to Assignment Attempts: Average: 1 7. Working with Numbers and Graphs Q7 The following graph shows the initial supply and demand curves (S and D, respectively) along with the initial equilibrium point represented by the green triangle Suppose both the supply and demand curves shift to S2 and D, respectively. As a result of these shifts, the new market equilibrium shifts to the black point (cross symbol) Refer to the graph to answer the question that foflows 60 54 42 36 2 30 24 18 12 0 1 23467810 QUANTITY True or False: The movement from the initial equilibrium to the new equilibrium can be explained by an increase in the price of a substitute and a decrease in the price of a nonlabor resource. O True O False Grade It Now Save & Continue Continue without saving

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