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Given the following market for distilled spirits-Price (per unit) The.docx

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Given the following market for distilled spirits: Price (per unit) The market is in equilibrium. Market price will not change. Suppose that there is an increase in all factor input prices. Instructions: Use the interactive to model the effect of this change. d. What is the net effect on equilibrium price What is the net effect on equilibrium quantity? .

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Given the following market for distilled spirits: Price (per unit) The market is in equilibrium. Market price will not change. Suppose that there is an increase in all factor input prices. Instructions: Use the interactive to model the effect of this change. d. What is the net effect on equilibrium price What is the net effect on equilibrium quantity?

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