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  3. pleasee using adas diagrams illustrate the following and for each...

Question: pleasee using adas diagrams illustrate the following and for each...

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Pleasee Using AD-AS diagrams, illustrate the following and for each of them, describe the change in the equilibrium price and output. Label your diagram clearly. you may hand draw the graphs (neatly),

1. An increase in AD

2. A decrease in AD

3. An increase in AS

4. A decrease in AS

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