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  1. Diagrams for Supply and Demand

    • A collection of diagrams illustrating various scenarios of supply and demand in different markets. Learn how to interpret and use the diagrams to understand the effects of price, elasticity, subsidy, tax and other factor… 展开

    Demand Curve

    A contraction on the demand curve is due to higher price leading to lower demand
    An extension on the demand curve is due to lower price leading to higher demand. 展开

    Economics Help.org
    Supply Shifts to The Left

    In this diagram the supply curve shifts to the left. It leads to a higher price and fall in quantity demand. The supply curve may shift to the left because of: 1. Higher costs of production 2. … 展开

    Economics Help.org
    Supply and Demand Shift Right

    In this diagram, supply and demand have shifted to the right. This has led an increase in quantity (Q1 to Q2) but price has stayed the same. It is possible, that if there is an increase in dem… 展开

    Economics Help.org
     
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