How an outward shift of the supply curve affect equilibrium


Discussion:

Assume you have two products - one whose price demand is elastic and the other inelastic with regards to price, use market diagram to explain how an outward shift of the supply curve of each product might affect their equilibrium price and quantities holding everything else constant.

For which product is the price and quantity effect greater?

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Microeconomics: How an outward shift of the supply curve affect equilibrium
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