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Buy custom Factors influence the equilibrium price

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Topic: Business
Number of pages / Number of words: 7 / 1920
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The equilibrium price moves from ? P0 selling Q0 units to ? P1 (P0 > P1) selling Q1 (Q0 < Q1) units. When there is an increased competition in the market supply will increase with decrease in the price.

b) Supply curve shifts to left if any firm exit the market or labour, input costs increases (Begg and Ward, 2007)...


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The equilibrium price moves from ? P0 selling Q0 units to ? P1 (P0 > P1) selling Q1 (Q0 < Q1) units. When there is an increased competition in the market supply will increase with decrease in the price.

b) Supply curve shifts to left if any firm exit the market or labour, input costs increases (Begg and Ward, 2007)...


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