Consumer incomes and the prices of all other goods remain
Suppose that the own price elasticity of market demand for good 1 is -2. suppose that the supply of good 1 increase by 4%. Consumer incomes and the prices of all other goods remain the same. What would we expect to happen to the price of good 1?
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suppose that the own price elasticity of market demand for good 1 is -2 suppose that the supply of good 1 increase by 4
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