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24-05-2023
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If the equilbrium price of steak (a normal good) increases and the equilbrium quantity of steak decreases, which of the following must have occured? the demand curve for steak shifted to the left (decrease in demand) the supply curve for steak shifted to the left (a decrease in supply) the supply curve for steak shifted to the right (increase in supply) the demand curve for steak shifted to the right (increase in demand)

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