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Author Question: A new medical study reports that washing your hair everyday increases the probability of baldness. ... (Read 37 times)

Tirant22

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on: Jun 29, 2018
A new medical study reports that washing your hair everyday increases the probability of baldness. Predict the effects of this report on the market for shampoo.
 
  What will be an ideal response?

Question 2

Refer to Table 8-11. Real GDP for Tyrovia for 2016 using 2007 as the base year equals
 
  A) 1,140. B) 880. C) 690. D) 560.


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triiciiaa

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Reply #1 on: Jun 29, 2018
Answer to Question 1

This will cause a decrease in the demand for shampoo. The demand curve will shift to the left, lowering both the equilibrium price and the equilibrium quantity of shampoo sold.

Answer to Question 2

C


Tirant22

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Reply #2 on: Jun 29, 2018
Correct answers!


triiciiaa

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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