Solved: Assume that products a and b are produced by different, Microeconomics

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Assume that products a and b are produced by different

Question - Assume that products A and B are produced by different firms and are substitutes. How would a decrease in the price of product A affect the price for Product B? How would the drop in the price of A affect total revenue from the sale of A? Explain your answer.

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Microeconomics: Assume that products a and b are produced by different

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Microeconomics: Assume that products a and b are produced by different

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