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Consider the market for automobiles

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1. Consider the market for automobiles. If the auto industry is forced to pay workers higher wages, how will this affect the market for autos, ceteris paribus?

2. Consider the market for internet access. If the price of internet access increases, how will this affect the market for internet access, ceteris paribus?

3. Consider the market for UK basketball tickets. If the price of parking at the stadium decreases, how will this affect the market for basketball tickets, ceteris paribus?

4. Consider the labor market. If the government imposes a non-binding minimum wage on employers, how will this affect the labor market, ceteris paribus?

Reference no: EM131051032

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