Eco10a assignment 01 - Study guides, Class notes & Summaries
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ECN10A 2022 01 ASSIGNMENT SEMESTER 2023 verified solutions
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QUESTION 6
6.1.
A positive change in taste of mussels will result in a shift to the right/up on the demand curve. Both the equilibrium price and equilibrium quantity will increase (move from 1 to 2 – showing that the price and quantity of the mussels have gone up)
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ECN10A 2022 01 ASSIGNMENT SEMESTER 2023 verified solutions
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QUESTION 6 6.1. A positive change in taste of mussels will result in a shift to the right/up on the demand curve. Both the equilibrium price and equilibrium quantity will increase (move from 1 to 2 – showing that the price and quantity of the mussels have gone up)
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