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ruslelena [56]
3 years ago
6

How has increased demand and limited supply affected the price of both new and used equipment?

Social Studies
1 answer:
bixtya [17]3 years ago
3 0

Answer: If there is a decrease in the supply of goods and services while demand remains the same, prices tend to rise to a higher equilibrium price and a lower quantity of goods and services. ... However, when demand increases and supply remains the same, the higher demand leads to a higher equilibrium price and vice versa.

Explanation:

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