How the decrease in the price of guitars will affect market


Suppose guitars and guitar strings are complements. Draw a graph indicating what will happen in the market for guitar strings if the price of guitars decreases. Be sure to label your graph carefully, putting Price on the vertical axis and Quantity on the horizontal axis. You do not need to have actual numbers on this graph, but you should clearly indicate how the decrease in the price of guitars will affect the market for guitar strings, and what will happen to the equilibrium price and quantity of guitar strings.

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Microeconomics: How the decrease in the price of guitars will affect market
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