What will happen to market equilibrium product x

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Reference no: EM133217551

Determine what will happen to market equilibrium product X considering the following situation. (Show your answer using graph and explain your answer)
price of good x decreases
price of goodY increases considering good Y is complement of good X
income of individual increases (good x is inferiorgood)
price of goodZ decreases considering Good Z is the main ingredients of Good X.
there is new manufacturer of good x in the market

Reference no: EM133217551

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