Question: Suppose a newly released study shows that battery powered toys

Suppose a newly released study shows that battery- powered toys harm a child’s development and recommends that parents adjust their purchasing behavior accordingly. Use diagrams to show the effect on price and quantity in each of the following markets:
a. The market for battery- powered toys.
b. The market for D batteries.
c. The market for yo-yos (which do not require batteries).


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  • CreatedDecember 12, 2014
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