Examlex
-Assume demand remains unchanged at D1.If supply shifts from S2 to S1,then the equilibrium price will ________ and the equilibrium quantity will __________.
Past Data
Refers to historical information or records that have been collected and archived, which can be used for analyzing trends, making predictions, or understanding historical contexts.
Future
A period of time that has not yet happened but will come after the present.
Marketing Researchers
Professionals specialized in gathering, analyzing, and interpreting data about markets, consumers, and trends to inform business decisions.
Willingness to Buy
The extent to which a consumer is ready to purchase a product or service, based on factors like price, quality, and personal preference.
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