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Consider the effects of each of the events outlined in the table below on the market indicated. Under the appropriate heading indicate whether there will
Consider the effects of each of the events outlined in the table below on the market indicated. Under the appropriate heading indicate whether there will be an increase, decrease, or no change in demand, supply, equilibrium price, and the quantity traded. Market a. Printer inks b. Butter c. Newspapers Low-quality toilet 'paper e. Movie downloads f. Beef Event A technological improvement reduces the cost of producing printers. New medical evidence suggests that margarine causes migraines. Because of worldwide shortages, the prices of pulp and paper increase dramatically. Consumer incomes rise significantly. Movie theatres halve their admission prices. World price of lamb increases. Equilibrium . Demand Supply Price Quantlt no change v increase v decrease v increase (Click to select) v (Click to select) v (Click to select) v (Click to (Click to select) v (Click to select) v (Click to select) v I (Click to (Click to select) v (Click to select) v (Click to select) v I (Click to (Click to select) v (Click to select) v (Click to select) v (Click to select) v (Click to select) v (Click to select) v (Click to (Click to
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