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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 temperatures were to rise above 100 degrees and everyone wants ice cream. Question 7Answer a. In equilibrium, the price decreases and quantity rises. b. In equilibrium, the price increases and quantity falls. c. In equilibrium, the prices decreases and quantity falls. d. In equilibrium, the price increases and quantity rises
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