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Mud crab is a substitute for lobsters. If the price of mud crab reduces, what will happen to the lobster market? Ans: Q2 ci). The

Mud crab is a substitute for lobsters. If the price of mud crab reduces, what will happen to the lobster market? Ans:

Q2 ci). The supply or demand curve.

Q2 cii). it will shift to the left or right.

Q2 ciii). the equilibrium price would rise or fall.

Q2 civ). the equilibrium quantity would rise or fall.

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