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Business, 05.10.2021 05:30 tynyiaawrightt

suppose that the demand for shoes is elastic, but the supply is inelastic. in the market for belts, the demand and the supply of belts are elastic. assume that everything else is the same and that the increase in costs reduces quantities supplied in each case by the same amount at each price. in which market will a change in the costs of inputs have the greatest effect on the price?

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suppose that the demand for shoes is elastic, but the supply is inelastic. in the market for belts,...
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