Read the scenario and determine if it will change the supply or the demand of the market listed. Will equilibrium price increase or decrease? Will equilibrium quantity increase or decrease? Market: Strawberry Pie Scenario: Shortages of workers in fields to harvest crops lead to higher prices of strawberries Supply or demand? ____ Equilibrium price? ____ Equilibrium quanity? ____
Read the scenario and determine if it will change the supply or the demand of the market listed. Will equilibrium price increase or decrease? Will equilibrium quantity increase or decrease? Market: Strawberry Pie Scenario: Shortages of workers in fields to harvest crops lead to higher prices of strawberries Supply or demand? ____ Equilibrium price? ____ Equilibrium quanity? ____
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Read the scenario and determine if it will change the supply or the
Market: Strawberry Pie Scenario: Shortages of workers in fields to harvest crops lead to higher prices of strawberries
Supply or demand? ____ Equilibrium price? ____ Equilibrium quanity? ____
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