Social Studies, 05.05.2020 04:11 kers

A graph has Quantity on the x-axis and price in dollars on the y-axis. A line that represents supply has a positive slope and a line that represents demand has a negative slope. The lines intersect each other at a point which represents equilibrium. Point B represents the quantity supplied on the demand line, and point A represents quantity demanded on the supply line. Both are at the same price point above equilibrium.
"A" represents the new quantity demanded, while "B" represents the new quantity supplied.

What is the result of these changes?

Based on this graph, what will prices most likely do?

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A graph has Quantity on the x-axis and price in dollars on the y-axis. A line that represents supply...

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