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Assume that the graphs show a competitive market for the product stated in the question. Price Price Quantity Graph (2) Quantity Quantity Graph (3) Graph
Assume that the graphs show a competitive market for the product stated in the question. Price Price Quantity Graph (2) Quantity Quantity Graph (3) Graph (4) Select the graph above that best shows the change in the digital camera market when the productivity of workers who produce cameras increases. In the following question you are asked to determine, other things equal, the effects of a given change in a determinant of demand or supply for product X upon (1) the demand (D) for, or supply (5) of, X; (2) the equilibrium price (P) of X; and (3) the equilibrium quantity (0) of X. A decrease in the number of buyers for good X will Multiple Choice 0 decrease D, decrease P, and decrease 0. decrease 5, increase P, and increase 0. increase D, decrease P, and increase 0. 0 increase 5, increase P, and increase 0
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