ECON: MICRO4 (New, Engaging Titles from 4LTR Press)
ECON: MICRO4 (New, Engaging Titles from 4LTR Press)
4th Edition
ISBN: 9781285423548
Author: William A. McEachern
Publisher: Cengage Learning
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Chapter 4, Problem 4.8PA
To determine

Effect on the equilibrium price and quantity of the ice-cream.

Concept Introduction:

Equilibrium price refers to the price where the quantity supplied of the good equals the quantity demanded of the good.

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