O Macmillan Learning Stone and brick are substitutes in home construction. Consider the market for bricks depicted in the graph. Suppose the price of stone increases due to new regulations for the stone quarrying industry. Illustrate the impact this will have on the market for bricks. Equilibrium price increases. O may increase or decrease, but it is impossible to know for sure. decreases. remains constant. Equilibrium quantity 4 Price Market for Bricks Quantity D
O Macmillan Learning Stone and brick are substitutes in home construction. Consider the market for bricks depicted in the graph. Suppose the price of stone increases due to new regulations for the stone quarrying industry. Illustrate the impact this will have on the market for bricks. Equilibrium price increases. O may increase or decrease, but it is impossible to know for sure. decreases. remains constant. Equilibrium quantity 4 Price Market for Bricks Quantity D
Chapter4: Supply And Demand: An Initial Look
Section: Chapter Questions
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