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grin007 [14]
2 years ago
8

Suppliers produce two goods, cheese and butter. Assume that there is no cost to switch resources from cheese production to butte

r production and vice versa. Suppose the demand for butter increases. What do we expect to happen to the equilibrium in the market for cheese?
Business
1 answer:
zhannawk [14.2K]2 years ago
5 0
Im not sure, but i think the price will go up and the quantity will drop.
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