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    So a question came up in the resit exam of economics and business edexcel 2b

    The question said 'draw the supply and diagram to show the likely impact on the cycle market of more people cylcing'

    How would i draw this out?
    Would it affect demand or supply??
    Demand increasing or supply increasing???
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    The direct response would be Demand shifting out to the right causing prices to rise. In the long run supply would probably increase but that an assumption, so it would be an increase (shift to the right) in demand.

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    (Original post by IJKninetyeight)
    The direct response would be Demand shifting out to the right causing prices to rise. In the long run supply would probably increase but that an assumption, so it would be an increase (shift to the right) in demand.

    thankyou man
 
 
 
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