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In the graph below, point Z illustrates theinitialmarket equilibrium price and quantity, P0* and Q0*, in the good X market . Suppose that good X
In the graph below, point Z illustrates theinitialmarket equilibrium price and quantity, P0* and Q0*, in thegood X market. Suppose that good X and good Y aresubstitutes in productionand independent in consumption. If the number of consumers of good Xincreasesand the price of good Yincreases, thenceteris paribusthe new market equilibrium quantity and price of good X could be represented by point _____.
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