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info in picture 1, question in picture 2 Now consider that severe unfavorable weather conditions led to a decrease in the supply of dried fruit,

info in picture 1, question in picture 2

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Now consider that severe unfavorable weather conditions led to a decrease in the supply of dried fruit, a complementary consumption good. The price and quantity of dried fruit traded changes, and this impacts the competitive market for assorted nuts. As a result of this shock only, the market for assorted nuts adjusts in the short run, and now the market price Quick Smocks faces is either $25, $27, or $29. 4. Given the expected market adjustments in the short run, which is more likely the new current market price? (2 points) Complete the sentence by entering a numerical value (0.00 is acceptable) in the blank space provided As a result of the market shocks and expected short-run adjustments, the new current market price is more likely to be $ 5. Given the expected market adjustments in the short run, what is the current market quantity? (4 points) Complete the sentence by entering a numerical value (0.00 is acceptable) in the blank space provided As a result of the market shocks and expected short-run adjustments, the current market quantity is per month.structure , and the current market quantity is 39,000 pounds per month. Quick Snacks faces a monthly cost of $2,000 for its machinery and equipment. In addition, the monthly cost of labor and materials used in production is described by the equations: AVC = 0.05q + 1 and MC = 0.19 + 1

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