se a microeconomic model to explain how the market price and quantity would be affected by an increase in input prices.

Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter3: Demand, Supply, And The Market Process
Section: Chapter Questions
Problem 7CQ
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Use a microeconomic model to explain how the market price and quantity would be affected by an increase in input prices.

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