Question 1 when supply falls what happens to quantity, Ask an Expert

Economics

Question: 1. When supply falls, what happens to quantity demanded in equilibrium? (This should get you to notice that both suppliers and demanders change their behavior when one curve shifts.)

2. For many years, it was illegal to color margarine yellow (margarine is naturally white). In some states, margarine manufacturers were even required to color margarine pink! Who do you think supported these laws? Why?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M92651674

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