Question

The demand and supply for burgers are given in the table below   Price in SAR Quantity...

The demand and supply for burgers are given in the table below  

Price in SAR

Quantity demanded (in ‘000)

Quantity Supplied (in ‘000)

30

300

100

35

250

150

40

200

200

45

150

250

1. What is going to happen to the equilibrium price and equilibrium quantity in the burger market when both supply and demand of burger shift leftward? (1 points) using a graph should help you to answer this question

2. What is going to happen to the equilibrium price and equilibrium quantity in the burger market when supply shifts rightward and the demand of burger shift leftward?  (1 points) using a graph should help you to answer this question

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