In December 2000 the demand for diamonds increased as people wanted to buy a gift to celebrate the millennium. At the same time the countries producing diamonds decreased the supply onto the market.
How would these changes be shown on a demand and supply diagram?
1 )
demand curve: shift to lef / supply curve: shift to right
2 )
demand curve: shift to lef / supply curve: shift to left
3 )
demand curve: shift to right / supply curve: shift to right
demand curve: shift to right / supply curve: shift to left
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