Solved: A new toy store opens what happens to the price and, Macroeconomics

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A new toy store opens what happens to the price and

Problem 1:

Use the Hill Method for each of the following questions:

1. A new toy store opens. What happens to the price and quantity of toys?

2. A new machine is invented to produce toys faster. What happens to the price and Quantity of toys?

3. A new toy store opens and at the same time people start preferring toys to candy. What happens to the price and quantity of toys?

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Macroeconomics: A new toy store opens what happens to the price and

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