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An entire city likes milk and coffee equally well. Milk is packaged in cardboard cartons. Coffee is packaged in tin cans. Yesterday, the price of

An entire city likes milk and coffee equally well. Milk is packaged in cardboard cartons. Coffee is packaged in tin cans. Yesterday, the price of cookies, a complement to milk, increased in price. Based on this information, you will answer three questions, using equilibrium graphs to explain your responses.

  1. What will happen to the market for milk?
  2. What will happen to the market for Tin?
  3. What will happen to the market for cookies?

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