Economics

Economics

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Macmillan Learning Stone and brick are substitutes in home construction. Consider the market for bricks depicted in the graph. Suppose the price of stone increases due to new regulations for the stone quarrying industry. Illustrate the impact this will have on the market for bricks. Market for Bricks Equilibrium price increases. Omay increase or decrease, but it is impossible to know for sure. decreases. Oremains constant. Equilibrium quantity increases. Oremains constant. ۵ Price Quantity D 03

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