In June 2024
Answer to Question #312795 in Microeconomics for naeem
Explain, using a supply and demand graph, how a freeze in a vegetable crop will affect the equilibrium price and quantity.
When there is a freeze in vegetable crop, the demand of the vegetables will be high and subsequently the prices will shoot up. Thus, the the Q1 will move from left to right whole the P1 will move from P1 upward.
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