Question: i. Returning back to the graph drawn in part a, suppose the price of Success Rice (a substitute good) was to increase. Show what impact
i. Returning back to the graph drawn in part a, suppose the price of Success Rice (a substitute good) was to increase. Show what impact this higher priced substitute good will have on the market for the Minute Rice and explain why you shifted the one curve that you did, indicating what has happened to the equilibrium price and quantity as a result of the shift
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