Demand increases so that at $4 consumers now want 150 units,

Demand increases so that at $4 consumers now want 150 units, at $3 they now want 200 units and at… Show more Demand increases so that at $4 consumers now want 150 units, at $3 they now want 200 units and at $2 they now want 250. The new equilibrium price is __________ and the new equilibrium quantity of sales is _________. Because of the increase in consumer demand the price that the firm is able to charge increases, as a result it increases production. This is a change in supply or quantity supplied? • Show less

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