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Exhibit 20-4Refer to Exhibit 20-4. As a consequence of the depicted change in the supply of X, the ...

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Exhibit 20-4Refer to Exhibit 20-4. As a consequence of the depicted change in the supply of X, the ...

Exhibit 20-4

Refer to Exhibit 20-4. As a consequence of the depicted change in the supply of X, the demand curve for Y shifted from D₁ to D₂. It follows that

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X and Y are substitutes.

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X and Y are complements.

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X and Y are inferior goods.

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demand for Y is price elastic.

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Economics

Edition: 12^th

Author: Arnold

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