6 Which of the following might lead to an increase in the equilibrium price of meat pies...

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6 Which of the following might lead to an increase in the equilibrium price of meat pies and a decrease in the equi librium quantity of meat pies sold?

a an increase in the price of tomato sauce, a complement to meat pies b an increase in the price of tacos, a substitute for meat pies c an increase in the price of beef, an input into meat pies d an increase in consumer incomes, as long as meat pies are a normal good

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Principles Of Microeconomics

ISBN: 125206

8th Edition

Authors: Joshua Gans, Stephen King, Martin Byford, N Gregory Mankiw

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