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The public begins to dislike apples due to poor quality advertisements and a massive hurricane destroys most apple orchards in Ontario. What would be the
The public begins to dislike apples due to poor quality advertisements and a massive hurricane destroys most apple orchards in Ontario. What would be the effects of each of the following on the equilibrium price and equilibrium quantity for apple? Question 15 options: equilibrium price decreases and equilibrium quantity increases equilibrium price is indeterminate and equilibrium quantity decreases equilibrium price decreases and equilibrium quantity decreases equilibrium price is indeterminate and equilibrium quantity increases
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