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Consider the market for ice cream. For each of the listed events, identify the outcome in the ice cream market using the graphs and explain
Consider the market for ice cream. For each of the listed events, identify the outcome in the ice cream market using the graphs and explain briefly. a. Many new producers enter the ice cream market. b. The price of frozen yogurt [an alternative to ice cream] falls. c. Workers in ice cream manufacturing plants receive a wage increase. d. The price of chocolate and strawberry toppings fall [toppings are consumed with ice cream]
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