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If there is a change in taste and preference for milk in Jamaica due to new research which suggests that milk consumption promotes intelligence, while
- If there is a change in taste and preference for milk in Jamaica due to new research which suggests that milk consumption promotes intelligence, while there is political turmoil in New Zealand, a key milk exporter to Jamaica, what is the likely overall effect on price and quantity in the short run in the domestic market?
- Price increases and quantity falls
- Price increases and quantity is ambiguous
- Price and quantity increases
- Price is ambiguous and quantity rises
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