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Consider the market for almond milk in the United States in 2022 for each of the following changes, select how the change will impact the

Consider the market for almond milk in the United States in 2022 for each of the following changes, select how the change will impact the supply and/ or demand for almond milk. In addition, select how the change will impact the equilibrium price and equilibrium quantity of almond milk sold. (Options are increase or decrease )

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point that everyone in the US is aware of benefits of almond milk. Due to the newly discovered health benefits, the almond milk market will experience a(n) [ Select ] in the [ Select ] for almond milk. As a result, we would expect to see a(n) [ Select ] in the equilibrium price of almond milk and a(n) [ Select ] in the equilibrium quantity of almond milk sold. B) Suppose 2022 sees two major changes in the almond milk market. First, the record heat in California is a disaster for almond crops, sending the amount of almonds grown in the US to record low levels. Second, during this year rising inflation has reduced the amount of disposable income (spending money) that US consumers have for non-essential items like almond milk (assume almond milk is a normal good). Due to the decrease in availability of almonds for producing, the almond milk market will experience a(n) [ Select ] in the [ Select ] of almond milk. The simultaneous decrease in disposable income will result in a(n) [ Select ] in the [Select ] for almond milk. Combined, we would expect to see a(n) [ Select ] in the equilibrium price of almond milk and a(n) [Select ] in the equilibrium quantity of

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