EBK ECON MICRO
EBK ECON MICRO
6th Edition
ISBN: 9781337671828
Author: MCEACHERN
Publisher: CENGAGE LEARNING - CONSIGNMENT
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Chapter 4, Problem 8P
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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