shyshy40 shyshy40

04-03-2022
Business

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When the price of gold rises, what will happen to the market for used jewelry? Explain your answer in economic terms.

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depresedsunflower depresedsunflower

04-03-2022

Answer:

When the price of gold rises, the demand for second-hand jewelry will increase. We can consider, second-hand jewelry and gold as substitutes for each other

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