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Answer to Question #67685 in Macroeconomics for Florence
Question #67685
Using properly labelled diagrams illustrate what will happen to the equilibrium price and quantity of muesli (ceteris paribus), in the following scenarios;
1. Research has shown that muesli is good for the heart;
2. The ongoing drought has affected grain (one of the ingredients for muesli) production.
1. Research has shown that muesli is good for the heart;
2. The ongoing drought has affected grain (one of the ingredients for muesli) production.
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