The degenerate microwave (including both two- and four-wave) mixing in
a dusty plasma is studied on a slow time scale which involves heavy i
mpurity particle response to the electromagnetic waves. It is shown th
at the density grating and the corresponding third-order nonlinear sus
ceptibility are independent of the wavelength of the grating, and decr
ease almost linearly with the concentration of the dust particle. The
two-wave mixing process does not contribute to the phase-conjugate ref
lectivity, it introduces only an additional wavenumber shift to the el
ectromagnetic waves.