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a. Draw a figure depicting market equilibrium in the ice-cream market. Label the figure properly. Briefly explain the figure. b. Draw a new figure depicting

a. Draw a figure depicting market equilibrium in the ice-cream market. Label the figure properly. Briefly explain the figure.

b. Draw a new figure depicting the following situation: The weather is suddenly unseasonably hot and at the same time the wage of ice-cream salespeople increases. Explain your figure, and report on your new equilibrium price and quantity

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