1.8. If the price of margarine decreases, what happens to the demand for butter? What happens to...

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1.8. If the price of margarine decreases, what happens to the demand for butter? What happens to the equilibrium quantity and price for butter? What would happen ifbutter and margarine were not substitutes? Use a supply and demand diagram to support your answer.

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Modern Principles Macroeconomics

ISBN: 124428

2nd Edition

Authors: Tyler Cowen ,Alex Tabarrok

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