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Macroeconomics Topic 1.6 Changes in Equilibrium G40 Part 1: Practice- = For each of the following scenarios, show how each market is affected. Label the
Macroeconomics Topic 1.6 Changes in Equilibrium G40 Part 1: Practice- = For each of the following scenarios, show how each market is affected. Label the initial equilibrium price and quantity P, and Q,, the new equilibrium price and quantity P, and Q,, and explain your reasoning. 1. Perfect weather conditions have affected the crop of oranges but this did not affect the crop of grapes. Assume that juice producers can substitute oranges for grapes and that consumers consider juice and eggs complements. Also assume that eggs are used to produce pancakes and that pancakes and maple syrup are complements. A. Market for oranges B. Market for grapes \\,, C. Market for juice D. Market for eggs L E. Market for pancakes F. Market for maple syrup - Video Help: https://goo.al/AppKYp Copyright Jacob Clifford 2021. s S - Do not use unless you have purdmq license Explain: Explain: Explain: Explain: Explain: Explain
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