Business, 15.02.2020 05:52, KetaFord1978

The market for diamond rings is closely linked to the market for high-quality diamonds. If a large quantity of high-quality diamonds enters the market, then the Question 28 options: a) supply curve for diamond rings will shift right, which will create a shortage at the current price. Price will increase, which will decrease quantity demanded and increase quantity supplied. The new market equilibrium will be at a higher price and higher quantity. b) supply curve

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The market for diamond rings is closely linked to the market for high-quality diamonds. If a large q...