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Due to concern for diabetes, the market demand for apples have gone down to P = 195 - 0.005Q. 1. As a result, in the

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Due to concern for diabetes, the market demand for apples have gone down to P = 195 - 0.005Q. 1. As a result, in the short-run, the new equilibrium price is P = [ Select ] and output in the industry is Q = [ Select ] 2. In the new long-run equilibrium, total output in this industry will be Q = [ Select ] and total number of orchards in the industry will be N = [ Select ] 3. Hence, to achieve the new long-run equilibrium, [ Select ] v firms will [ Select ]

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