Use the supply and demand graph below to answer the next two questions (1 pt. each – for both…

Use the supply and demand graph below to answer the next two questions (1 pt. each – for both…

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Use the supply and demand graph
below to answer the next two
questions (1 pt. each – for both questions, assume A is the starting equilibrium point):
P
H
1
G
B
A
F
с
E
S₂
D₂
S₁
D₁
1
S3
4. If the price of paper (an input) increases and the number of college students
increases 10%, then a possible new equilibrium is…
5. The price of ebooks (a substitute) increases resulting in a possible new
equilibrium at…
D₂
3
Q

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