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Determine the effect on equilibrium price and quantity if the following changes occur in a particular market: ? Determine the effect on equilibrium price and

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Determine the effect on equilibrium price and quantity if the following changes occur

in a particular market:

?

image text in transcribed

Determine the effect on equilibrium price and quantity if the following changes occur in a particular market: Equilibrium Equilibrium Q uantity Consumers' income decreases and the good is inferior. The price of a substitute good (in consumption) decreases _ The price of a substitute good (in production) decreases _ The price of a complement good (in consumption) decreases _ The price of inputs used to produce the good decrease _

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