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asaini1254 asaini1254
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A year ago
People frequently eat chips and guacamole together. Suppose the price of chips increases and there is a shortage of avocados, which are used to produce guacamole. How will these affect the equilibrium price and quantity of guacamole?

▸ Price will remain the same, quantity will decrease.

▸ Price will decrease, the change in quantity is ambiguous.

▸ The change in price is ambiguous, quantity will decrease.

▸ Both price and quantity will decrease.
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Macroeconomics

Macroeconomics


Edition: 3rd
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aupadhay287aupadhay287
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A year ago
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asaini1254 Author
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A year ago
Thanks for your help!!
alpheratz
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Yesterday
this is exactly what I needed
kh540941
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2 hours ago
Helped a lot
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