How would the DEMAND CURVE shift if there was a decrease in the price of a complimentary good?
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Sanchit J.
1. Explain how the market demand curve for a 'normal' good will shift (i.e. left, right or no shift) in each of the following cases? What then will happen to the equilibrium price and quantity? Example: "demand curve shifts left, equilibrium price increases, equilibrium quantity decreases." a) The price of substitute good falls b) The price of a complementary good rises c) The price of the good increases
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