Market for Almonds Price ($/pound) Quantity Demanded Quantity Supplied 13 1600 1200 14 1500 1300 15 1400 1400 16 1300 1500 17 1200 1600 18 1100 1700 Beginning with the initial equilibrium, suppose positive advertisement on almonds changes quantities demanded by 100 and at the same time higher productivity of la

Exploring Economics
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ISBN:9781544336329
Author:Robert L. Sexton
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Chapter5: Markets In Motion And Price Controls
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Market for Almonds Price ($/pound) Quantity Demanded Quantity Supplied 13 1600 1200 14 1500 1300 15 1400 1400 16 1300 1500 17 1200 1600 18 1100 1700 Beginning with the initial equilibrium, suppose positive advertisement on almonds changes quantities demanded by 100 and at the same time higher productivity of labor changes quantities supplied by 300. What is the new market equilibrium price and quantity ?
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