=+12. After several years of decline, the market for hand-made acoustic guitars is making a comeback. These

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=+12. After several years of decline, the market for hand-made acoustic guitars is making a comeback. These guitars are usually made in small workshops employing relatively few highly skilled luthiers. Assess the impact on the equilibrium price and quantity of hand-made acoustic guitars as a result of each of the following events. In your answers indicate which curve(s) shift(s) and in

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Economics

ISBN: 9781319066604

5th Edition

Authors: Robin Krugman, Paul Wells

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