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Moving Equilibrium. Show the effect of each on the monopoly market equilibrium; you don't need to have exact answers but describe the direction of change in the demand and/or marginal cost curves.

a. Pecan prices rise..
b. Helen gets her oven for free.
c. More people see Sweeney Todd and are scared of pie shops.
d. More people see Sweeney Todd and more people are curious about Helen's pies.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M938351

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