Business, 20.12.2019 02:31, Adolfosbaby

Question 16 which of the following will cause the equilibrium price of widgets to fall and the equilibrium quantity to rise? a. widget workers agree a large wage decrease so that none of them will have to be laid off. b. a decrease in the price of an item that consumers consider a substitute. c. the government raises taxes on widget firms. d. an increase in the price of an item that producers consider a substitute

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Question 16 which of the following will cause the equilibrium price of widgets to fall and the equil...