How each of the subsequent events affects the equilibrium

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Q1. Bill is restoring a car also has already spent $4,000 on restoration. He expects to be able to sell the car for $6,200. Bill discovers which he needs to do an additional $6,200 of work to make the car worth $6,200 to potential buyers. He could also sell the car now, without completing the work, for $3,800 Illustrate what should he do?

Q2. Illustrate Explain how each of the subsequent events affects the equilibrium price also quantity of pizza- the price of mozzarella cheese rises.

Reference no: EM1313611

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