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Economics Solved

Referencing Styles : Harvard | Pages : 153
Consider the market for the confectionery "Mars Bars". Analyse the following situations and clearly state the affect on both the equilibrium price and equilibrium quantity. Examine each situation separately. Use a diagram for each a)"Snickers" a substitute drops the price by 20% b)average incomes in Australia increase by 20% c)cost saving robot technology introduced into confectionery industry d)"Mars Bars" drop their price by 15%   Question 2   Suppose the price el ...

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