If the supply curve of a product is relatively inelastic and the price of a substitute product

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If the supply curve of a product is relatively inelastic and the price of a substitute product rises, equilibrium quantity will ___ and equilibrium price will ___, but equilibrium ___ will change proportionately more.

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Microeconomics Theory and Applications with Calculus

ISBN: 978-0133019933

3rd edition

Authors: Jeffrey M. Perloff

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Posted Date: Apr 25, 2019 09:42 AM

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If the supply curve of a product is relatively inelastic and the price of a substitute product

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Microeconomics Theory and Applications with Calculus

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