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The supply curve will have a slope of 1. The demand curve will have a slope of -1. Here's the scenario: The product is orange
The supply curve will have a slope of 1. The demand curve will have a slope of -1. Here's the scenario: The product is orange consumed in a year's time. A leading doctor states that consuming oranges will decrease your health. At the same time, weather conditions for growing oranges looks very favorable for the crop. In this scenario, shift the supply curve more than the shift in the demand curve. What happened to price and quantity
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