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Almonds and walnuts are substitutes. Suppose the world demand for walnuts increases. General equilibrium analysis predicts a ____ effect on the equilibrium price and a
Almonds and walnuts are substitutes. Suppose the world demand for walnuts increases. General equilibrium analysis predicts a ____ effect on the equilibrium price and a ____ effect on the quantity of almonds than partial equilibrium analysis.
A. smaller; smaller
B. larger; smaller
C. smaller; larger
D. larger; larger
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