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3. A new producer of cookies enters the industry. What happens in the market for cookies? Cookies Price Graph: What changes: S or Q,? Quantity

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3. A new producer of cookies enters the industry. What happens in the market for cookies? Cookies Price Graph: What changes: S or Q,? Quantity 4. Brownie producers expect the cost of their raw materials to increase in 4 months. What happens in the market for the supplier today? Brownies Price Graph: What changes: S or Q.? P1 Quantity 5. The price of the ice cream cone sold by the ice cream truck goes up 10 cents a cone. What happens in this market from the suppliers' point of view? Ice Cream Price What changes: S or Q.? Cones Graph: Q1 Quantity

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