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I’m studying and need help with a Economics question to help me learn.
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Running Head: INTERMEDIATE MICROECONOMICS DISCUSSION
Intermediate Microeconomics Discussion
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INTERMEDIATE MICROECONOMICS DISCUSSION
Question 4
Suppose a newly released study shows that battery-powered toys harm a child’s development
and recommends that parents adjust their purchasing behavior accordingly. Use diagrams to
show the effect on price and quantity in each of the following markets (LO3).
a. The market for battery-powered toys
Since the study indicates that the battery powered toys are harmful to the child’s development,
the demand for the toys will decrease from D1 to D2. The supply of the battery powered toys will
remain the same at SS intersecting the ...
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