63 050
Assignments Done
99,1%
Successfully Done
In July 2018

Answer to Question #63971 in Microeconomics for rania

Question #63971
x is a normal good let Y be compliment with X and Z by substituents for X. determine change in market equilibrium if there is a increase in price of Z and decrease in price of inputs used to make X
Expert's answer
Demand on X will increase, supply on X will increase. As a result output of X will increase, price of X can increase, decrease of stay the same. Demand of Y will increase, so price and output of Y will increase

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be first!

Leave a comment

Ask Your question

Submit
Privacy policy Terms and Conditions