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Question: 29...

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The graph below depicts the market for shoes. a. Use the diagram below to illustrate that a less expensive material is developed for the soles of shoes. Instructions: Use the tool provided New line to draw a new line that reflects the market effect of this event. Plot only the endpoints of the line. Market for Shoes Tools New line 0 Quantity of shoes b. If a new, less expensive material is developed for the soles of shoes, the「TRT-e ect the equilibrium price to Click to select and the equilibrium quantity to Cick to selec!) shoes will (Click oselecti . This will cause

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