Question
Suppose a good weather causes production of apple to be more than that of previous years and the demand for apple remains the same as
Suppose a good weather causes production of apple to be more than that of previous years and the demand for apple remains the same as before.
a) Draw a figure (properly labeling the axes) showing the supply of and demand for apple.
b) Provide a brief explanation about what will happen to its price and why?
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Economics
Authors: Campbell McConnell, Stanley Brue, Sean Flynn
21st Edition
1259723224, 9781259723223
