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Read the scenario and determine if it will change the supply or the demand of the market listed. Will equilibrium price increase or decrease? Will
Read the scenario and determine if it will change the supply or the demand of the market listed. Will equilibrium price increase or decrease? Will equilibrium quantity increase or decrease? Market: Chunky Monkey Ice Cream Scenario: Social Media Influencer superstar, Van Camp, advertises Kemp's Vanilla Frozen Yogurt to her 100 million Instagram followers Supply or demand? Equilibrium price? Equilibrium quantity Read the scenario and determine if it will change the supply or the demand of the market listed. Will equilibrium price increase or decrease? Will equilibrium quantity increase or decrease? Market: New Computer Scenario: The U.S. Treasury announces new stimulus checks will be sent all households. Supply or demand? Equilibrium price? Equilibrium quantity Read the scenario and determine if it will change the supply or the demand of the market listed. Will equilibrium price increase or decrease? Will equilibrium quantity increase or decrease? Market: Sugar produced in the United States Scenario: Tariffs on imported sugar lead U.S. sugar to buy more from U.S. sugar producers Supply or demand? Equilibrium price? Equilibrium quantity Read the scenario and determine if it will change the supply or the demand of the market listed. Will equilibrium price increase or decrease? Will equilibrium quantity increase or decrease? Market: Strawberry Pie Scenario: Shortages of workers in fields to harvest crops lead to higher prices of strawberries Supply or demand? Equilibrium price? Equilibrium quantity
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