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Consider the market for hot dogs, a normal good. Assume thismarket is approximately perfectly competitive....

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Economics

Consider the market for hot dogs, a normal good. Assume thismarket is approximately perfectly competitive. What happens if thecost of packaging material rises? There's an increase in price andquantity There's a decrease in price and an increase in quantityThere's an increase in price and decrease in quantity There's adecrease in price and quantity

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