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Change in one of these two variables is indeterminate

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Reference no: EM132021432

If these events occour siimutaneously, the price of a complement good (in consumption) increases; it is widely publicized that consumption of the good is hazardous to health. How can I for each of the pairs of events perform a qualitative analysis to predict the direction of change in either the equilibrium price or the equilibrium quantity? And why is the change in one of these two variables is indeterminate?

Reference no: EM132021432

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