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Explain what will happen to the equilibrium price and quantity of the good you choose if the price of the compliment or substitute good increases.

Write a post describing a good or service that either a compliment or a substitute *Be specific in describing what different goods or services serve as a possible substitutes or compliments for the good or service you choose. *Give at least one specific example of a good or service that is either a substitute or […]

.Do you anticipate any changes to the demand and/or supply of this product in the near future? If so, what is driving these changes?

For Term Paper #1 you are required to pick a product or service you use in your everyday life and describe the market for this product. Please make sure to address the following questions: 1. What factors influence the demand for this product? What factors influence the supply of this product? 2.How have these changes […]

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