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MichaelJoult MichaelJoult
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6 years ago
Contractors can use plywood or brick to construct walls. Suppose the price of bricks increases. Which of the figures above best illustrates the effect of this change on the market for plywood?
A) Figure A
B) Figure B
C) Figure C
D) Figure D
E) Figure A or Figure C depending on how contractors react to the higher price of bricks.
Textbook 
Foundations of Macroeconomics

Foundations of Macroeconomics


Edition: 8th
Authors:
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alasyachristinealasyachristine
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6 years ago
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MichaelJoult Author
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#2
6 years ago
Brilliant
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