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( a ) ( i ) The initial equilibrium position is point x . Illustrate on Figure la the equilibrium price and quantity at point
ai The initial equilibrium position is point Illustrate on Figure la the equilibrium price and quantity at point Label the equilibrium price and quantity Qe
ii With reference to Figure a state the new equilibrium position following a fall in the price of sugar a main ingredient in chocolate and a healthy eating campaign highlighting the health risks of consuming too many sweet treats.
New equilibrium position is point
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