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Initially the market for strawberries is in equilibrium at a price $50 per basket with quantities demanded and supplied at 2 million boxes. However, a
"Initially the market for strawberries is in equilibrium at a price $50 per basket with quantities demanded and supplied at 2 million boxes. However, a drought has destroyed the crop at the same time the American Cancer Society has deemed strawberries are a cure for certain cancers."
Illustrate what happens to demand, supply, prices and quantities in this scenario.
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