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Consider a simple market for almonds.Almonds require a lot of water to produce them. A large share of almonds are produced in California, which has
Consider a simple market for almonds.Almonds require a lot of water to produce them. A large share of almonds are produced in California, which has recently undergone serious droughts.These droughts only directly affect one curve.What effect would that curve shifting have on equilibrium in this market?
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