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Assume Amy's supplier raises the price of hamburger meat, while Joe's does not. Using the supply and demand model, graphically show and provide a written
Assume Amy's supplier raises the price of hamburger meat, while Joe's does not. Using the supply and demand model, graphically show and provide a written explanation for each of the following:
- The equilibrium price and quantity of hamburgers Amy sold
- The equilibrium price and quantity of french fries Amy sold
- The equilibrium price and quantity of hamburgers Joe sold
- The equilibrium price and quantity of soft drinks Joe sold
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