Chapter 3 Problems
Chapter 3 Problems
Chapter 3 Problems
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d) The summer is unexpectedly hot! Ceteris paribus, people like to eat more ice creams. However,<br />
producers of ice creams face higher consumption of electricity power (to prevent ice creams from<br />
melting). In equilibrium, the price increases and the quantity remains the same. True, False, It<br />
Depends. [Use a diagram].<br />
Also problems 8 and 9 from your textbook
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