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6-] Jeff also likes Red Bull and it is a substitute for coffee for him. On separate axes draw supply and demand curves for the
6-] Jeff also likes Red Bull and it is a substitute for coffee for him. On separate axes draw supply and demand curves for the Red Bull and coffee markets. Suppose a government regulation increases the cost of producing Red Bull. How does that change the equilibrium price and quantity in the Red Bull market? What does it do to the coffee market
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