"> (Answered) Consider two events that affect the apple juice market. - Tutorials Prime

## (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?Â A.Â Â The equilibrium price of apple juice rises and the equilibrium quantity of apple juice might rise or fall or remain unchanged.Â B.Â Â The equilibrium price of apple juice might rise or fall or remain constant, and the equilibrium quantity of apple juice rises.Â C.Â Â The equilibrium price of apple juice falls and the equilibrium quantity of apple juice might rise or fall or remain unchanged.Â D.Â Â 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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This question was answered on: Jan 02, 2020

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