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Question: Good X is produced in a perfectly competitive market using a single input, Y, which is itself also supplied by a perfectly competitive industry. If the government imposes a price ceiling on Y, what happens to the price of X? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Macroeconomics, Economics

  • Category:- Macroeconomics
  • Reference No.:- M93111291

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