Suppose the supply of apples sharply increases because of perfect weather conditions throughout the growing season. Assuming

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Suppose the supply of apples sharply increases because of perfect weather conditions throughout the growing season. Assuming no change in demand, explain the effect on the-equilibrium price and quantity of apples. Explain why quantity demanded increases even though demand does not change.

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Economics

ISBN: 978-0073375694

18th edition

Authors: Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn

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