Substitute in production of leather bealts

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Reference no: EM131239704

suppose leather jackets is a substitute in production of leather bealts.

A decrease in the price of leather jackets will ________ the equilibrium price of leather belts and _____ the equilibrium quantity of leather belts.

a) icnrease; decrease

b) decrease: increase

c) increase; increase

d) decrease; decrease

Reference no: EM131239704

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