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)Assume we are in market equilibrium for cassettes and CD's (plot both markers separately), then there is an increase in taste for CD's and a
- )Assume we are in market equilibrium for cassettes and CD's (plot both markers separately), then there is an increase in taste for CD's and a decrease in the taste for cassettes(------), show both marketers graphically. What happens to price and quantity in each market?
B) What affect this have on the allocation of productive resources? Explain fully.
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Accounting Business Reporting For Decision Making
Authors: Jacqueline Birt, Keryn Chalmers, Albie Brooks, Suzanne Byrne, Judy Oliver
4th Edition
978-0730302414, 0730302415
