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Refer to Scenario 5. Suppose the weather is very bad and the supplies of apples and oranges are reduced by half. Will apples or oranges
Refer to Scenario 5. Suppose the weather is very bad and the supplies of apples and oranges are reduced by half. Will apples or oranges have the larger change in equilibrium price (assuming the supply curves of the two fruits have the same steepness and they have the same initial equilibrium)
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Principles of Economics
Authors: N. Gregory Mankiw
8th edition
1305585127, 978-1305971493, 978-1337516860, 1337516864, 978-0357539200, 978-1305585126
