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Business, 29.02.2020 00:26 beck1013

Stone and brick are substitutes in home construction. Suppose the price of stone increases due to new regulations for the stone quarrying industry. Illustrate the impact this will have on the market for bricks. 1. The Brick Market, Equilibrium price:.a. increases. b. decreases. c. remains constant. d. change is ambiguous. 2. Equilibrium quantity:. a. increases. b. decreases. c. remains constan. d. change is ambiguous.

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Stone and brick are substitutes in home construction. Suppose the price of stone increases due to ne...
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