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In the market for fresh juice, the supply and demand data is observed in the table above. A new health trend increases the popularity of
In the market for fresh juice, the supply and demand data is observed in the table above. A new health trend increases the popularity of fresh juice, leading to an increase in quantity demanded at each price level. What happens to the market equilibrium if the quantity demanded at $6 is now 600 liters instead of 450? Group of answer choices Equilibrium price decreases, and equilibrium quantity increases. Equilibrium price remains the same, but equilibrium quantity increases. Both equilibrium price and quantity remain unchanged. Equilibrium price increases, and equilibrium quantity increases
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