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July 3, 2015

Homework Help: Economics

Posted by Kyle on Tuesday, August 13, 2013 at 5:17am.

There are 1,000 hot dog stands in Chicago at any given moment.

Due to health concerns, a significant number of families move out of the city. Would there be a shift in the demand curve, the supply curve, or both?

I'm thinking that if this significant number moves out of the city, there would be a decreased shift in the demand curve. I'm not sure if this change also affects the supply curve.

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