EBK ECONOMICS: PRINCIPLES AND POLICY
EBK ECONOMICS: PRINCIPLES AND POLICY
13th Edition
ISBN: 8220100605932
Author: Blinder
Publisher: Cengage Learning US
Question
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Chapter 4, Problem 2TY

(a)

To determine

Plot the supply and demand curve and indicate the equilibrium price and quantity.

(b)

To determine

The effect of decrease in the price of beef on the equilibrium price and quantity of a hamburger.

(c)

To determine

The effect of increase in the price of pizza on equilibrium price and quantity of a hamburger.

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