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Q2 - Price Price Price Price Q.4-Q Quantity Quantity Quantity Quantity (4) (1) Refer to the above diagrams and start with the initial curves D
Q2 - Price Price Price Price Q.4-Q Quantity Quantity Quantity Quantity (4) (1) Refer to the above diagrams and start with the initial curves D and S. Suppose input prices (such as wages and material costs) decrease. Which diagram would be consistent with the impact of this event? a) 1 b ) 2 C) 3 d) 4
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