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Economics - Financial Markets 6 Online
OpenStudy (anonymous):

Label an increase/decrease in the Price and Quantity for each situation: a. Effect of improved fertilizer developed for wheat Price: Quantity: b. Effect on Hotdogs after an increase in price of hamburgers (a close substitute) Price: Quantity:

OpenStudy (madhu.mukherjee.946):

quantity of wheat will increase and price will decrease

OpenStudy (madhu.mukherjee.946):

hotdogs will be demanded more i.e quantity will increase with a lower price

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