Suppose a newly released study shows that battery- powered toys harm a child’s development and recommends that parents adjust their purchasing behavior accordingly. Use diagrams to show the effect on price and quantity in each of the following markets: a. The market for battery- powered toys. b. The market for D batteries. c. The market for yo-yos (which do not require batteries).

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter4: Demand, Supply, And Market Equilibrium
Section: Chapter Questions
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Suppose a newly released study shows that battery powered toys


Suppose a newly released study shows that battery- powered toys harm a child’s development and recommends that parents adjust their purchasing behavior accordingly. Use diagrams to show the effect on price and quantity in each of the following markets:
a. The market for battery- powered toys.
b. The market for D batteries.
c. The market for yo-yos (which do not require batteries).

Suppose a newly released study shows that battery powered toys

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