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Tidy Tidy
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9 years ago
In each of the following situations, list what will happen to the equilibrium price and the equilibrium quantity for a particular product, which is a normal good.

a.   The population increases and the price of inputs increase
b.   The price of a complement increases and technology advances
c.   The number of firms in the market increases and income increases
d.   Price is expected to increase in the future
e.   Consumer preference increases and the price of a substitute in production decreases
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
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SydnieSydnie
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9 years ago
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Tidy Author
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9 years ago
Helped a lot
2ne1_12345
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
sakoon
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2 hours ago
Thank you, thank you, thank you!
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