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Summer is here, and ice cream is on everyone's mind. Use supply and demand analysis to indicate what would happen to the market for ice
Summer is here, and ice cream is on everyone's mind. Use supply and demand analysis to indicate what would happen to the market for ice cream if the price of sprinkles were to increase. Question 6Answer a. In equilibrium, the price increases and quantity rises. b. In equilibrium, the price decreases and quantity rises. c. In equilibrium, the price increases and quantity falls. d. In equilibrium, the prices decreases and quantity falls
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