This change undermines the marketplace for the replacement

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Reference no: EM1322930

Q. Illustrate what happens to the demand for beer if consumer income rises by 5%?

Q. A industry has a 60 percent (%) share of T3MP, a commodity chemical utilized to create industrial solvents. Minimum efficient scale is thought to be 50 percent (%) of present marketplace demand. Recently, a change in environmental regulation has dramatically raised the price of a replacement chemical which indirectly contends with T3MP. This change undermines the marketplace for the replacement which is about twice the size of the marketplace for T3MP.

Reference no: EM1322930

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