12 In problem 10, suppose that a virus destroys several potato farms with the result that the...

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12 In problem 10, suppose that a virus destroys several potato farms with the result that the supply of chips decreases by 40 million bags a week at the same time as the dip comes on to the market. What are the new equilibrium price and equilibrium quantity of chips?

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Economics

ISBN: 9781503632943

5th Edition

Authors: Douglas McTaggart, McTaggart Findlay & Parkin, Christopher Findlay, Michael Parkin

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