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Please help with this practice question. Suppose that you are monitoring the supply and demand of haircuts in Hayward. If a new barbershop opens in

Please help with this practice question.

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Suppose that you are monitoring the supply and demand of haircuts in Hayward. If a new barbershop opens in Hayward, this will cause the equilibrium price of a haircuts to and the equilibrium quantity of haircuts to O increase ; stay the same O increase ; decrease increase ; increase decrease ; stay the same O decrease ; increase

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