Business
Business, 28.01.2020 07:31, uuytay

Goods x and y are perfect substitutes. when the market price of good x is $5/unit, firm f produces 500 units of x. when the price of y rises, 100 consumers of y shift to the consumption of good x. this causes industry analysts to think that firm f will increase quantity supplied of x to match this increased demand. this conclusion is flawed

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Goods x and y are perfect substitutes. when the market price of good x is $5/unit, firm f produces 5...

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