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Discuss the TWO possible market shifts (i. e., D or S shifting) that would lead to a shortage at the old (or initial) equilibrium price. In your discussion, clearly identify the curve that shifts and the direction of its shift. Conclude your discussion by stating what would then happen to price and quantity as a result of the shortage, in each of your two answers.
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Discuss the TWO possible market shifts (i. e., D or S shifting) that would lead to a shortage at the...
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