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Compared to equilibrium without a price control, what will happen to the amount of cereal actually sold in this market as a result of the
Compared to equilibrium without a price control, what will happen to the amount of cereal actually sold in this market as a result of the price control? Fill in the blanks: The amount of cereal sold will (increase, decrease) by (number) boxes ofcereal. Consider the following demand and supply schedules for Chocolate Frosted Sugar Bombs cereal. Price Boxes demanded per Boxes supplied per month month $5.00 0 600 $4.00 200 500 $3.00 400 400 $2.00 600 300 $1.00 800 200 $0.00 1,000 100
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