The questions involve you interpreting the model output within your answers.

In this case, the model output consists of four indicators;

• the new equilibrium price
• the new equilibrium quantity
• the percentage change in price
• the percentage change in quantity

Your discussion should focus on using the new market equilibrium position to support the theoretical implications of your discussion. For instance, if you argue that theoretically you would expect that the demand curve should shift to the left, while all other factors are constant. Consequently, if the simulation implied that the price fell then this would support your discussion.

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