2 hours 13/50 Pens and pencils are substitutes. The price of pens drops by 15%. How...

Question:

2 hours 13/50 Pens and pencils are substitutes. The price of pens drops by 15%. How does this affect the market for pencils? In the graph below, show how the market for pencils is impacted by this change by shifting the appropriate curve. Provide your answer below: Price of Pencils Supply Next > Previous 10 .83333
llowed - 2 hours 13/50 Price of Pencils Supply Demand Next Previ

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