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The graph describes the market for imported chocolates. Manipulate the supply or demand curve to show how an increase in the cost of sugar impacts
The graph describes the market for imported chocolates. Manipulate the supply or demand curve to show how an increase in the cost of sugar impacts the graph. What is the new equilibrium price and quantity? OP=$6,Q=6 OP=$6,Q=4 OP=$4,Q=6 OP=$4,Q=5 If price were not allowed to adjust to the new equilibrium price, what would occur in this market? O surplus with Qd Q5 Q surplus Qd = Q5 Q shortage with Qd
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