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If meat and potatoes are compliments, then a potato blight will have which of the following effects in the meat market? (2) No effect since
If meat and potatoes are compliments, then a potato blight will have which of the following effects in the meat market? (2)
- No effect since none of the meat supply ceteris paribus conditions are affected.
- A decrease in equilibrium price and a decrease in equilibrium quantity.
- A decrease in equilibrium price and a decrease in supply.
- An increase in demand and an increase in equilibrium price.
- None of the above.
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