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Use the supply and demand model: explain what happens to the equilibrium and the equilibrium quantity of frozen yogurt (state what factors that change demand
Use the supply and demand model: explain what happens to the equilibrium and the equilibrium quantity of frozen yogurt (state what factors that change demand or supply have changed) in the following scenario. It is widely publicized in the press that people who eat a cup of frozen yogurt a day live to be much happier in their retirement years and the price of milk used to produce frozen yogurt suddenly increases. Carefully Explain.
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