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Draw the supply and demand for desks. Illustrate the effects of an increase in the price of doors. Explain why the curve(s) moved as drawn.
Draw the supply and demand for desks. Illustrate the effects of an increase in the price of doors. Explain why the curve(s) moved as drawn. What happens to the price charged for desks, the quantity sold, the consumer surplus, and the producer surplus? Briefly state how you got each answer