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Author Question: An increase in the price of good X will be accompanied by a. a shift in the market demand curve for ... (Read 63 times)

kellyjaisingh

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on: Jul 1, 2018
An increase in the price of good X will be accompanied by
 a. a shift in the market demand curve for good X.
  b. a shift in the market demand curve for good Y (a substitute for good X).
  c. a movement along the market demand curve for good X.
  d. Both b and c.

Question 2

Vertical relationships can increase profits through
 a. preventing firms from evading regulation
  b. eliminating a double-markup problem
  c. making the incentives of manufacturers and retailers unaligned
  d. preventing price discrimination


blakcmamba

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Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

b


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