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The following graph shows the market for croissants in San Diego, where there are over 1,000 bakeries at any given moment. Suppose the price of
The following graph shows the market for croissants in San Diego, where there are over 1,000 bakeries at any given moment. Suppose the price of flour, a major ingredient in croissants, suddenly decreases. Show the effect of this change on the market for croissants by shifting one or both of the curves on the following graph, holding all else constant. Note: Select and drag one or both of the curves to the desired position. Curves will snap into position, so if you try to move a curve and it snaps back to its original position, just drag it a little farther.? O Supply Demand Supply PRICE (Dollars per croissant) Demand QUANTITY (Croissants)
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