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Unit 1 AS2docx Protected Vipn)-Wor iw View Tellewhat you wnt to nend to edit, t's safles to stay in Pootected View Enable Editing Hudson Online ECO202: Principles of Microeconomics Umit 1 ASZ: Demand and Supply Stadent Name 1. For each of the fellowing pairs of products, state which are complements. which are substitutes, and which are unrelated a) Digital camera and memory stick b) 7Up and Mountain Devw c)Swimsuits and flip flops d) Tylenol and cat food e) Photocopier and paper 2 Refer to fgure aboe a) At what price is there a shortage of 600 units? b) At a price of $15, how many units will be sold c) If the current market price is $15, what moust happens to that price to achieve equilibrium d) At a price of $25, how many units will be supplied ) Atl a price of $25, how many units will be sold Price per Quantity Quantity prt sc ysrq 40 delete

Explanation / Answer

1. (a) Complements.
(b) Substitutes.
(c) Complements
(d) Unrelated.
(e) Compliments

2. Figure marking are not clearly visible.

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