Econ Macro (book Only)
Econ Macro (book Only)
6th Edition
ISBN: 9781337408745
Author: William A. McEachern
Publisher: Cengage Learning
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Chapter 4, Problem 14P
To determine

The effects on equilibrium price and quantity of steel with an increase in the wages of steelworkers and with a simultaneous increase in the price of aluminium.

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What are the effects on the equilibrium price and quantity of steel if the wages of steelworkers rise and, simultaneously, the price of aluminum rises?
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