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UCSLION 19 (2 PomLS) 4 Listen The public begins to dislike apples due to poor quality advertisements and a massive hurricane destroys most apple orchards

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UCSLION 19 (2 PomLS) 4 Listen 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? equilibrium price is indeterminate and equilibrium quantity increases equilibrium price decreases and equilibrium quantity decreases Oequilibrium price is indeterminate and equilibrium quantity decreases Oequilibrium price decreases and equilibrium quantity increases

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