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(Answered) Consider two events that affect the apple juice market.


Consider two events that affect the apple juice market.


Consider two events that affect the apple juice market. One, a new advertising campaign extolling the virtues of apple juice is successful; and two, a major freeze destroys half of the country's apple crop. What happens to the price and quantity of apple juice? A.  The equilibrium price of apple juice rises and the equilibrium quantity of apple juice might rise or fall or remain unchanged. B.  The equilibrium price of apple juice might rise or fall or remain constant, and the equilibrium quantity of apple juice rises. C.  The equilibrium price of apple juice falls and the equilibrium quantity of apple juice might rise or fall or remain unchanged. D.  The equilibrium price of apple juice might rise or fall or remain constant, and the equilibrium quantity of apple juice falls.

 


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DATE ANSWERED

Jan 02, 2020

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