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Economics: The Basics 1st Edition by Mike Mandel
النسخة 1الرقم المعياري الدولي: 978-0071316026Economics: The Basics 1st Edition by Mike Mandel
النسخة 1الرقم المعياري الدولي: 978-0071316026 تمرين 8
There are 15 hair salons in town, and the local haircut market is operating under conditions of perfect competition.
a) On a graph, show what happens to the market supply curve if one of the hair salons goes out of business.
b) What happens to the price and the number of haircuts sold?
a) On a graph, show what happens to the market supply curve if one of the hair salons goes out of business.
b) What happens to the price and the number of haircuts sold?
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Shift in supply curve:
If there is an i...
Economics: The Basics 1st Edition by Mike Mandel
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