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The following graph shows the market for cars in 2010

Economics

The following graph shows the market for cars in 2010. Between 2010 and 2012, the equilibrium quantity of cars remained constant, but the equilibrium price of cars increased. From this, you can conclude that between 2010 and 2012, the supply of cars (decreased/increased/was unchanged) and the demand for cars (was unchanged/ increased/ decreased). Adjust the graph to illustrate your answer by showing the positions of the supply and demand curves in 2012.

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