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https://www.youtube.com/watch?v=HAEDpsbGJnU&t=1526s starting watching video at 25:06 1) a. What happens to the demand for chocolate? b. Does the demand curve shift to the right or

https://www.youtube.com/watch?v=HAEDpsbGJnU&t=1526s

starting watching video at 25:06

1) a. What happens to the demand for chocolate?

b. Does the demand curve shift to the right or to the left?

c. Does the equilibrium price increase or decrease?

d. Does the equilibrium quantity increase or decrease?

2) a. What happens to the supply of chocolate?

b. Does the supply curve shift to the right or to the left?

c. Does the equilibrium price increase or decrease?

d. Does the equilibrium quantity increase or decrease?

3) Using your answers from numbers 1 and 2 to explain why does the equilibrium price of chocolate decrease?

need asap thank you.

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