Question: Good X is produced in a competitive market using input Z. Explain what would happen lo the supply of good X in each of the

Good X is produced in a competitive market using input Z. Explain what would happen lo the supply of good X in each of the following situations:

a.The price of input Z decreases.

b.An excise tax of $3 is imposed on good X

c.A technological change reduces the cost of producing additional units of good X.

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