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If the supply curve and the demand curve for lettuce both shift to the left by an equal amount, what can we say about the resulting changes in equilibrium price and quantity?
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If the supply curve and the demand curve for lettuce both shift to the left by an equal amount, what can we say about the resulting changes in equilibrium price and quantity?

User Schaz
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Answer:

The equilibrium quantities of lettuce reduces and price remains the same.

Step-by-step explanation:

In the attached image is the grapichal analysis of the reduction of demand and supply in the same proportion.

If the supply curve and the demand curve for lettuce both shift to the left by an-example-1
User Guy Carmin
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