The following four events are noted in a marketplace: 1. The price of chicken goes up. 2.
Question:
1. The price of chicken goes up.
2. The price of beef goes up.
3. The demand for chicken shifts.
4. The quantity consumed of chicken increases.
Diagram the order of causation of these four events using arrows and numbers such as
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4 1 3- 4-#2 or 2-3
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Explanation The only thing that can cause a shift in the supply or demand of a ...View the full answer
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