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CHAPTER 6. SIMULTANEOUS EQUATIONS

CHAPTER 6. SIMULTANEOUS EQUATIONS

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dotted line which passes through the two observed equilibria has a slope substantially different than the demand curve. If the disturbances mostly shift the demand curve and leave the supply curve unchanged, then the equilibria will te nd to map out the supply curve. Only if the disturbances mostly

  Line, Dotted, Simultaneous, Dotted line

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