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(Demand and Supply) What happens to the equilibrium price and quantity of ice cream in response to each of the following? Explain your answers. (Hint: You must state which curve is affected and how, what happens to the equilibrium price and equilibrium quantity describing either a fall or rise.) a. The price of dairy cow fodder increases. b. The price of beef decreases c. Concerns rise about the fat content of ice cream. Simultaneously, the price of sugar (used to produce ice cream) increases.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M92000279

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