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1a) There is an increase in the price of car tires, which results in a decrease in the supply of truck tires. Determine what will
1a) There is an increase in the price of car tires, which results in a decrease in the supply of truck tires. Determine what will happen to the equilibrium price and the equilibrium quantity of truck tires. Price will decrease, quantity will increase Price will increase, quantity will decrease Price will decrease, quantity will decrease Price will increase, quantity will increase 1b) Consumers learn that the price of beef will decrease over the next few weeks, which results in a decrease in demand for beed today. Determine what will happen to the equilibrium price and the equilibrium quantity of beef today. Price will increase, quantity will increase Price will increase, quantity will decrease Price will decrease, quantity will increase Price will decrease, quantity will decrease 1c)The price of fuel has decreased for farmers who produce and ship goods across the country, which results in an increase in the supply of agricultural products. Determine what will happen to the equilibrium price and the equilibrium quantity of agricultural products. Price will decrease, quantity will increase Price will increase, quantity will increase Price will decrease, quantity will decrease Price will increase, quantity will decrease ThankYbu
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