How the equilibrium changed in the market for seal genitalia

Reference no: EM131324579

The application "Substitution May Save Endangered Species" describes how the equilibrium changed in the market for seal genitalia (used as an aphrodisiac in Asia) when Viagra was introduced. Use a supplyand-demand diagram to illustrate what happened. Show whether the following is possible: A positive quantity is demanded at various prices, yet nothing is sold in the market.

Reference no: EM131324579

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